#XRPETF Brazil has taken the lead, launching the world's first spot XRP ETF (XRPH11) on its B3 exchange! This marks a significant step for XRP, offering regulated exposure to institutional and retail investors in Brazil. Managed by Hashdex, it tracks the Nasdaq XRP Reference Price Index.

Meanwhile, the U.S. still awaits SEC approval for a spot XRP ETF, despite growing optimism and applications from major firms. ProShares is set to launch XRP Futures ETFs on April 30th, potentially paving the way for spot ETFs.

An XRP ETF offers benefits like easier access for traditional investors, increased liquidity, and potential price appreciation. Brazil's move could serve as a positive precedent for the U.S. and other markets.