#XRPETF Here's the latest news on XRP ETFs:

Recent Developments

- *SEC Acknowledgment*: The US Securities and Exchange Commission (SEC) has acknowledged Grayscale and NYSE Arca's 19b-4 filing to list an XRP ETF, marking a significant step towards potential approval.

- *Brazil's XRP ETF Launch*: Brazil's B3 stock exchange has launched the world's first spot XRP ETF, managed by Hashdex, providing investors with regulated access to XRP.

- *US ETF Applications*: Nine companies, including Bitwise, ProShares, 21Shares, and Franklin Templeton, have filed for XRP ETF products in the US, awaiting SEC approval ¹ ² ³.

Potential Approval Timeline

- *Bitwise XRP ETF*: Awaiting decision by May 18, 2025, with a 90-day review underway.

- *Other ETF Applications*: Decisions on Canary Capital, 21Shares, and Grayscale XRP Trust Conversion are expected by the end of May, while CoinShares XRP ETF and WisdomTree XRP Fund decisions are anticipated in July ⁴.

Market Impact

- *Potential Inflows*: Analysts predict $4-8 billion in net new assets could flow into the XRP ecosystem within the first year if ETFs are approved.

- *Price Predictions*: XRP's price could surge, with some analysts forecasting a potential breakout above $3 ¹.