In April 2025, Brazil's B3 exchange launched the world's first spot XRP ETF "Hashdex Nasdaq XRP FI", marking an important step for XRP into the mainstream financial market. At the same time, the United States is also actively promoting related products, with ProShares planning to launch three XRP futures ETFs on April 30, including Ultra and Short versions. Ripple CEO Brad Garlinghouse has repeatedly stated that the launch of an XRP ETF is an "inevitable" trend. With the improvement of the regulatory environment and increasing interest from institutional investors, the XRP ETF is expected to further drive market demand and price performance for XRP.