On April 25, 2023, Brazil's B3 Stock Exchange officially launched the world's first spot XRP exchange-traded fund (ETF) - XRPH11, issued by asset management company Hashdex, which tracks the Nasdaq XRP Reference Price Index. This move provides investors with a compliant and convenient channel for XRP investment, marking a significant breakthrough for XRP in the institutional investment field.

Meanwhile, the US market is also actively advancing the process of XRP ETFs. Teucrium launched the first leveraged XRP ETF (XXRP) on the New York Stock Exchange Arca in early April, offering 2x intraday price exposure. Additionally, ProShares plans to launch three XRP futures ETFs on April 30, further enriching investors' choices.

Market analysts point out that if the U.S. Securities and Exchange Commission (SEC) approves the spot XRP ETF, it could attract up to $8 billion in fund inflows, significantly boosting XRP's market demand and price performance.

Overall, the launch of the XRP ETF not only provides investors with new investment tools but may also have a positive impact on XRP's market performance. Investors should closely monitor relevant regulatory developments and market trends and cautiously formulate investment strategies.