#XRPETF Brazil's pioneering launch of the XRPH11 spot XRP ETF has ignited further discussions about similar products in other regions, particularly the US. While the SEC has yet to approve a spot XRP ETF, the upcoming launch of ProShares' XRP futures ETFs on April 30th is seen as a positive step. These futures ETFs, including the ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF, will offer indirect exposure to XRP price movements.

Market analysts are closely watching the SEC's stance under the new Chair, Paul Atkins, who is expected to have a more crypto-friendly approach. Several asset managers, including Grayscale and Franklin Templeton, have applications pending for spot XRP ETFs. The outcome of Ripple's ongoing legal proceedings with the SEC is also a significant factor that could influence the regulator's decision on these applications. Many believe that a favorable resolution for Ripple could pave the way for the approval of spot XRP ETFs in the US.