$XRP XRP is a cryptocurrency with a current price of $2.17 and a market capitalization of $130.19 billion. Its price has seen a slight decline of 2.65% recently.
*Key Stats:*
- *Current Price*: $2.17
- *Market Capitalization*: $130.19 billion
- *24-hour High*: $2.24
- *24-hour Low*: $2.16
*Recent Developments:*
- *XRP ETF Launch*: Brazil has launched the world's first spot XRP ETF, XRPH11, on its stock exchange B3, providing investors with regulated exposure to XRP. This ETF tracks the Nasdaq XRP Reference Price Index and allocates at least 95% of its assets to XRP.
- *Global XRP ETFs*: Global XRP ETFs hold approximately $950 million in assets under management (AUM), with potential for significant growth if the US approves similar ETFs.
- *US Regulatory Landscape*: The US SEC is evaluating applications for spot XRP ETFs, with Polymarket predicting a 74% chance of approval within 2025 and 87% this year ¹ ².
*Potential Impact:*
- *Increased Adoption*: The launch of XRP ETFs could attract institutional investors, increasing liquidity and potentially driving up XRP's price.
- *Regulatory Clarity*: XRP ETFs offer regulatory clarity and compliance, making them attractive to large financial institutions and corporate treasuries ³.
