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, tracking the Nasdaq XRP Reference Price Index. This initiative provides investors with a compliant and convenient channel for XRP investment, marking a significant breakthrough for XRP in the institutional investment field.

Meanwhile, the U.S. 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 daily price exposure. In addition, ProShares plans to launch three XRP futures ETFs on April 30, further enriching investors' options.

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