Below, I summarize the most relevant news about XRP and related ETFs in the last 48 hours, based on recent information from the web and posts on X. Key points include approvals of futures ETFs in the U.S., the launch of a spot ETF in Brazil, and the impact on XRP's price.
1. Approval of XRP Futures ETFs in the U.S.
Date: April 27-28, 2025
Details:
The SEC tacitly approved three futures-based XRP ETFs managed by ProShares Trust, with a scheduled launch for April 30, 2025, on NYSE Arca. The ETFs are:
Ultra XRP ETF (2x leverage, bullish exposure).
Short XRP ETF (bearish exposure).
Ultra Short XRP ETF (-2x leverage, extreme bearish exposure).
These funds track XRP futures contracts, not the asset directly, allowing investors to speculate on price movements without owning XRP.
Impact:
The price of XRP rose 7%, reaching $2.35 on April 28, although it later stabilized around $2.27-$2.28.
The approval is seen as a milestone for the institutional adoption of XRP, especially following the resolution of the legal case between Ripple and the SEC in March 2025.
Nate Geraci, president of The ETF Store, highlighted that these ETFs offer options for both bullish and bearish investors, increasing regulated accessibility to XRP.
Controversy:
Bloomberg dismissed rumors about a definitive confirmation of the launch for April 30, suggesting that the date is not guaranteed, although the approval seems solid.
Some posts on X erroneously claimed that one of the ETFs was "spot," but all three are futures-based.
2. Launch of the First Spot XRP ETF in Brazil
Date: April 25, 2025 (relevant news in the last 48 hours)
Details:
Brazil launched the world's first spot XRP ETF, the Hashdex Nasdaq XRP FI (XRPH11), which began trading on the B3 exchange on April 25, 2025.
Managed by Hashdex and with custody by Genial Investimentos, the fund invests at least 95% of its assets in XRP, following the Nasdaq XRP Reference Price index. Its current value is approximately $40 million, with a maximum annual fee of 0.7% for management and 0.1% for custody.
Impact:
This milestone positions Brazil as a leader in the regulated adoption of XRP, increasing pressure on the U.S. to approve spot ETFs.
The crypto community, including Ripple executives like Brad Garlinghouse, celebrated the launch as a step towards integrating XRP into traditional financial markets.
The XRPH11 ETF is the ninth crypto fund from Hashdex on B3, which also includes Bitcoin, Ethereum, and Solana ETFs.
Relevance: Although the launch occurred 4 days ago, the news remains prominent in the last 48 hours due to its global impact and discussions on whether the U.S. will follow this path.
3. Market Sentiment and Price Movements
XRP Price:
Following the ETF news, XRP experienced a rise of 4.8%-7%, trading between $2.27 and $2.35. Analysts note resistance levels at $2.36, $2.56, and $2.76.
Volatility increased due to expected flows from futures ETFs and whale movements (large investors).
Sentiment on X:
Posts on X reflect enthusiasm, with users highlighting the SEC approval as a "giant step towards Wall Street" and a "new era for Ripple."
However, there was initial confusion due to incorrect claims about a spot ETF in the U.S., which were corrected by sources such as Bloomberg.
4. Expectations about Spot ETFs in the U.S.
Current status:
There are no approved spot XRP ETFs in the U.S. ProShares' ETFs are futures-based, and applications for spot XRP ETFs (submitted by firms like Bitwise) remain pending.
The success of the spot ETF in Brazil has fueled speculation about a possible approval in the U.S., especially after the regulatory clarity following Ripple vs. SEC.
Outlook:
Kaiko analysts suggest that XRP is ahead of other assets like Solana in the race for a spot ETF in the U.S. due to its growing institutional interest.
However, the SEC has not yet given clear signals regarding the approval of spot ETFs, leaving investors waiting.
5. Warnings for Investors
Risks of futures ETFs: Leveraged and inverse ETFs (like those from ProShares) are high-risk and more suitable for experienced traders due to their exposure to volatility.
Own research: Although the news is positive, investors should conduct their own research (DYOR) and not rely solely on market enthusiasm.
Short-term volatility: Analysts warn that the price of XRP may experience pullbacks before reaching new highs, depending on ETF flows and market conditions.
Summary
In the last 48 hours, news about XRP has focused on:
The SEC tacitly approved three XRP futures ETFs managed by ProShares Trust, with a launch scheduled for April 30, 2025, which boosted the price of XRP to ~$2.35.
The ongoing impact of the launch of the first spot XRP ETF in Brazil (XRPH11), which reinforces the global adoption of XRP.
Growing expectations, but still uncertain, about a spot ETF in the U.S., with XRP positioned as a strong contender
