#XRPETF Brazil launches the world's first spot XRP ETF

• On April 25, Brazil became the first country to launch a spot XRP ETF, coded as XRPH11, on the B3 stock exchange. This ETF is issued by Hashdex and tracks the Nasdaq XRP Reference Price Index. This product allows investors to access XRP directly without the need to self-custody the tokens.

🇺🇸 The situation of XRP ETF in the U.S.

• Teucrium launched the first XRP ETF in the U.S. with the code XXRP on April 8. This is a 2x leveraged ETF aimed at doubling the daily returns of XRP. On the first trading day, over 215,000 shares were traded, indicating strong interest from investors.

• The SEC is reviewing multiple applications for XRP ETF approval from companies such as Grayscale, WisdomTree, and Bitwise. The deadline for the SEC to decide on Grayscale XRP Trust's conversion to a spot ETF is October 18, 2025.

• Prediction: According to the prediction platform Polymarket, the likelihood of the SEC approving an XRP ETF this year is about 80%.

📈 Impact on XRP price

• Current price: XRP is trading around $2.17 USD, with a daily high of $2.24 USD and a low of $2.17 USD.

• Outlook: Approval of the XRP ETF is expected to boost demand from institutional investors, potentially driving XRP prices to new highs in 2025.