#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 partnership with Genial Investimentos, this ETF directly tracks the Nasdaq XRP Reference Price Index, providing investors with direct exposure to XRP without the need to own or store the cryptocurrency itself.

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🇺🇸 US XRP ETF Applications 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 eyeing 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, signaling a possible 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 US ETF applications have positively impacted XRP market performance. As of April 27, 2025, XRP was trading at $2.17, with hopes for further growth if US ETF approvals proceed smoothly.