Brazil Launches First Spot $XRP ETF:
ETF name: XRPH11
Listed on the B3 stock exchange
Managed by Hashdex and backed by Genial Investimentos
Key Benefits:
Provides regulated exposure to $XRP XRP
Investors don't need to hold the token directly
Significance:
Brazil takes a global lead in crypto adoption
The U.S. still awaits XRP ETF approval
Market Potential:
Analysts project up to $8 billion in inflows once spot XRP ETFs launch in major markets
Current Price & Sentiment:
$XRP XRP is trading around $2.20
Market sentiment is increasingly bullish
Bullish Outlook:
Historical trends point to potential gains
Some forecasts predict a price target of $24
Institutional & Strategic Growth:
Growing institutional interest in XRP
Ripple continues building key partnerships (e.g., Bank of America)
Milestone for XRP Ecosystem:
XRPH11 launch is a major step forward
Could trigger the next big XRP breakout