#XRPETF iturn0image2turn0image4turn0image7turn0image9The concept of an XRP ETF (Exchange-Traded Fund) has gained significant traction in the financial world, reflecting growing institutional interest in Ripple's cryptocurrency, XRP.
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### ✅ Recent Developments
- **First U.S.-Based XRP ETF Launched**: On April 8, 2025, Teucrium launched the Teucrium 2x Long Daily XRP ETF (ticker: XXRP) on the New York Stock Exchange. This leveraged fund aims to deliver twice the daily return of XRP. Its debut saw over 215,000 shares traded, indicating strong investor interest, though the fund experienced a 13% drop on its first day amid market volatility. citeturn0news12
- **Global Expansion**: Brazil's B3 stock exchange began trading the world's first spot XRP ETF on April 25, 2025. This development marks a significant milestone in the global adoption of crypto ETFs.
- **Institutional Interest**: Major asset managers are actively pursuing XRP ETFs. Franklin Templeton filed for a Franklin XRP ETF in March 2025, aiming to track XRP's spot price with assets held via Coinbase Custody. Similarly, WisdomTree filed for the WisdomTree XRP Fund in December 2024, following a surge in XRP's value. citeturn0search5turn0search6
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### 🧠 Industry Perspective
Ripple CEO Brad Garlinghouse has expressed confidence in the inevitability of an XRP ETF, citing the $17 billion influx into Bitcoin ETFs as evidence of strong demand for digital asset investment vehicles citeturn0search0
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### ⚠️ Regulatory Landscape
Despite growing interest, the U.S. Securities and Exchange Commission (SEC) has yet to approve any XRP ETF. However, firms like Bitwise have filed for such products, indicating ongoing efforts to navigate regulatory challenges citeturn0search2
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### 📊 Current XRP Price
As of April 27, 2025, XRP is trading at approximately $2.18 US.
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### 🔮 Outloo
