XRP is making waves in the crypto world once again this time with the SEC green light on the first XRP futures ETFs. ProShares leads the charge, launching Ultra XRP, Short XRP, and UltraShort XRP ETFs on April 30, opening fresh doors for institutional investors to gain exposure without holding the token directly.
This approval marks a significant regulatory milestone for XRP, following Ripple hard-fought victory in its legal battle with the SEC. Confidence is surging, and the market is taking notice. XRP is currently trading around $2.23, having touched an intraday high of $2.30, fueled by ETF anticipation and broader market optimism.
Globally, XRP ETF momentum is gaining steam. Brazil recently approved the first spot XRP ETF, signalling international appetite for tokenised investment products. Meanwhile, U.S.-based firms like Bitwise, 21Shares, Grayscale, and Canary Capital are all waiting in the wings with spot ETF filings, expecting approvals between May and year-end.
With increased liquidity and heightened institutional interest, XRP ETF breakthrough could catalyse a new growth phase for the token. Analysts believe these developments lay the groundwork for even more bullish activity especially if the U.S. approves a spot XRP ETF next.
The future of XRP is no longer just speculation, it’s on Wall Street’s radar.
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