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XRP ETF Momentum Builds Amid Global Developments

XRP is gaining significant attention as Brazil launches the world's first spot XRP ETF, XRPH11, on the B3 stock exchange. Managed by Hashdex and Genial Investimentos, the fund allocates at least 95% of its assets directly to XRP, tracking the Nasdaq XRP Reference Price Index. This move positions Brazil ahead of the U.S. in offering regulated XRP investment vehicles.

In the U.S., anticipation grows for similar products. ProShares is set to launch three XRP Futures ETFs on April 30, providing investors exposure to XRP price movements without holding the token directly. Additionally, the CME Group plans to introduce XRP futures trading in May, pending regulatory approval, further signaling institutional interest in XRP.

Market analysts suggest that these developments could pave the way for a U.S.-based spot XRP ETF. JPMorgan forecasts that XRP ETFs might attract up to $8 billion in net inflows if approved in major markets. Currently, XRP trades around $2.18, with investors closely watching regulatory decisions that could impact its trajectory. ([XRP ETF bet just got juicer as potential approval seen to unleash $8 .

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