#XRPETFs The latest news about XRP and ETF funds
🇧🇷 Launch of the first spot ETF for XRP in Brazil
In a historic move, Brazil launched the first spot ETF for XRP under the symbol "XRPH11" on the B3 exchange. This fund is managed by Hashdex and aims to track the price of XRP using the Nasdaq reference index. This launch provides investors with an organized way to access XRP, enhancing the global adoption of the currency.
🇺🇸 Launch of a leveraged ETF in the United States
In the United States, Teucrium has launched a new ETF known as "XXRP," which provides 2x daily exposure to the price of XRP. This fund began trading on the NYSE Arca and targets investors seeking higher returns through short-term trading strategies.
📈 Expectations of massive capital inflows upon approval of ETF funds in major markets
Analyses from JPMorgan expect that spot ETFs for XRP could attract capital inflows of up to $8 billion if approved in major markets such as the United States. This reflects increasing interest from institutional investors in the currency.
🏛️ Regulatory developments in the United States
Companies like Bitwise and 21Shares have submitted applications for approval from the U.S. Securities and Exchange Commission (SEC) to launch spot ETF funds for XRP. However, these applications are still under review, and it is believed that the outcome of the legal case between Ripple and the SEC will play a crucial role in determining the future of these funds.
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