ProShares Trust - UltraPro Short S&P 500 ETF vs. XRP: Price Relationship Crosses Threshold
By CryptocurrenciesChannel Staff, 6/3/2023
Here at CryptocurrenciesChannel.com
, we find it interesting to track various ETF and stock prices versus various digital assets over time.
We noticed that as of 6/3/2023, XRP ($XRP) can buy you the most
amount of ProShares Trust - UltraPro Short S&P 500 ETF shares, in the past year. For example, if you had 100 XRP coins and wished to buy shares of SPXU with the proceeds, you would now be able to buy 4.36 shares of SPXU. That's versus a low amount of 1.34 shares over the trailing twelve months. Here's how this relationship looks charted, over the past year:
The main driver of the above bar chart has, of course, been the performance of ProShares Trust - UltraPro Short S&P 500 ETF shares, relative to the performance of XRP; and here's how the two compare over the past year on a total return basis:
Check out our XRP historical price chart
and ProShares Trust - UltraPro Short S&P 500 ETF vs Crypto
pages for additional charts.
Note that any stock splits and/or dividends are included when we calculate the SPXU returns.
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for more interesting stock market vs. digital asset comparisons!