XRP is trading at $2.19, demonstrating stability amid news of the ETF launch.
Brazil has become the first country to launch a spot XRP ETF under the ticker XRPH11 on the B3 exchange. The fund is managed by Hashdex and administered by Genial Investimentos, tracking the Nasdaq XRP Reference Price index and investing at least 95% of its assets in XRP or related instruments.
Additionally, ProShares plans to launch three XRP futures-based ETFs on April 30, which enhances interest from institutional investors.
These events may serve as a driver for further growth of XRP and strengthening its market position.
