Here are the latest updates on XRP ETF news:

*Recent Developments*

- *Brazil's XRP ETF Launch*: Brazil's B3 stock exchange has launched the world's first spot XRP ETF, called XRPH11, managed by Hashdex. This ETF offers investors a regulated and secure way to gain exposure to XRP without directly holding the token.

- *ProShares XRP Futures ETFs*: ProShares is set to launch three XRP Futures ETFs on April 30, providing investors with exposure to XRP price trends without holding the token directly. These ETFs include ¹ ²:

- *ProShares UltraShort XRP ETF*

- *ProShares Ultra XRP ETF*

- *ProShares Short XRP ETF*

- *US Regulatory Landscape*: The US SEC's stance on XRP ETFs remains uncertain, with multiple applications from firms like Grayscale and Franklin Templeton pending. However, Brazil's successful launch of XRPH11 could provide insights for US regulators.

*Market Impact*

- *XRP Price*: XRP is trading around $2.20, with a potential breakout expected if the US approves an XRP ETF. Analysts predict that XRP could reach $5 or even $24 in the near future.

- *Institutional Appetite*: JPMorgan analysts estimate that spot XRP ETFs could attract up to $8 billion in net inflows if approved in major markets ².AustralianAustralianBritish