A New Era for Ripple's Token
The crypto world witnessed a major breakthrough with the launch of the first spot XRP ETF, XRPH11, on Brazil’s B3 exchange, managed by Hashdex and Genial Investimentos.
This ETF tracks the Nasdaq XRP reference index and gives investors regulated exposure without the need to directly hold XRP. In the United States, Teucrium introduced the 2x Long Daily XRP ETF (XXRP), achieving an impressive $5 million trading volume on its debut.
Additionally, ProShares plans to launch futures-based XRP ETFs, expanding opportunities for investors.
Analysts predict that the approval of a spot XRP ETF in the U.S. could bring up to $8 billion in new investments, with a 77% chance of approval in 2025.
XRP's current price hovers around $2.20, and the market anticipates significant growth if more ETFs are approved.
