#XRPETF #XRPETF Brazil launches the world's first spot trading

• On April 25, Brazil became the first country to implement spot trading, with the code on the B3 stock exchange. This is issued by x and tracks the Nasdaq Reference Price Index. This product allows investors to access directly without the need to self-custody the token.

🇺🇸 Situation in the US

• Teucrium has launched the first in the US with the code on the 8th, which is a 2x leverage, aimed at doubling daily profits of XRP. On the first trading day, over 215,000 shares were traded, showing strong interest from investors.

• The SEC is reviewing multiple approval applications from companies like Grayscale and . The deadline for the SEC to make a decision on Grayscale Trust's conversion application to spot trading is October 18, 2025.

• Prediction: According to the prediction platform, the likelihood of the SEC approving one this year is about 80%.