#XRPETF

As of Sunday, April 27, 2025, the situation surrounding an XRP Exchange Traded Fund (ETF) is marked by **increasing optimism and anticipation**, although **no spot XRP ETF has been officially approved in the United States yet.** Here's a breakdown of the current situation:

**Key Points:**

* **Leveraged XRP ETF is Live:** Teucrium launched the first XRP-based ETF in the US on April 10, 2025. Trading under the ticker "XXRP," it offers leveraged (2x) exposure to XRP price movements. This launch is seen as a positive sign and a potential stepping stone towards a spot ETF.

* **Spot XRP ETF Applications Pending:** Several firms, including Bitwise, Grayscale (to convert its existing XRP Trust), Canary Capital, WisdomTree, and Franklin Templeton, have filed applications with the U.S. Securities and Exchange Commission (SEC) for spot XRP ETFs.

* **Optimism Fueled by Legal Developments:** The ongoing legal battle between Ripple and the SEC has significantly impacted the prospects of an XRP ETF. Recent developments, including a tentative settlement where the SEC is expected to drop its appeal and Ripple its cross-appeal, have boosted optimism for a potential approval.

* **CME to Launch XRP Futures:** The Chicago Mercantile Exchange (CME Group) announced plans to launch XRP futures trading on May 19, 2025, pending regulatory review. The existence of a regulated futures market was a key factor in the SEC's approval of Bitcoin and Ethereum spot ETFs, raising hopes that this could positively influence the decision on XRP spot ETFs.