#XRPETF While the U.S. Securities and Exchange Commission (SEC) has yet to approve a spot Exchange-Traded Fund (ETF) for XRP, anticipation is growing. Several prominent companies, including WisdomTree, ProShares, CoinShares, Grayscale, Volatility Shares, and Franklin Templeton, have filed applications, showing strong interest from institutions.

The recent approval of spot Bitcoin ETFs in the U.S. has bolstered hopes for similar products for other cryptocurrencies like XRP. Many analysts believe that an XRP ETF could unlock significant institutional capital, potentially driving its price higher.

However, the timeline for a potential approval remains uncertain, depending on the SEC's regulatory stance and ongoing legal developments between Ripple and the SEC.

Interestingly, Brazil has launched the world's first spot XRP ETF, XRPH11, managed by Hashdex. This ETF is traded on the Brazilian stock exchange.