#XRPETF Brazil Launches First Spot XRP ETF in the World
On April 25, 2025, the Brazilian stock exchange B3 introduced XRPH11, the world's first spot XRP ETF. Managed by Hashdex in collaboration with Genial Investimentos, this ETF directly tracks the Nasdaq XRP Reference Price Index, providing investors with direct exposure to XRP without needing to own or store the cryptocurrency itself.  
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🇺🇸 XRP ETF Applications in the US and SEC Developments
In the United States, nine companies have filed applications for an XRP ETF between October 2024 and March 2025. Specifically, Bitwise, Grayscale, Canary, and 21Shares are targeting approval between May 18–22, 2025, while WisdomTree and CoinShares are aiming for July–August. All nine applications are expected to be decided by December 2025. 
Additionally, ProShares has updated its application for an XRP ETF based on futures contracts and swap arrangements, indicating the possibility of approval in the near future. 
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📈 XRP Price Outlook
The introduction of the spot XRP ETF in Brazil and the progress of ETF applications in the US have positively impacted XRP market performance. On April 27, 2025, XRP traded at $2.17, with expectations for further growth if the ETF approval in the US proceeds smoothly.
