The XRP ETF landscape is evolving rapidly, with significant developments both internationally and in the United States.
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🌎 Global Milestone: First Spot XRP ETF Launches in Brazil
On April 25, 2025, Brazil introduced the world's first spot XRP ETF, named XRPH11, on the B3 stock exchange. Managed by Hashdex, this ETF tracks the Nasdaq XRP Reference Price Index, offering Brazilian investors direct exposure to XRP's price movements. This launch marks a significant step in XRP's institutional adoption and could influence global regulatory perspectives on crypto investment vehicles .
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🇺🇸 U.S. Developments: Futures ETFs and Spot ETF Filings
In the United States, the Securities and Exchange Commission (SEC) has approved the launch of three XRP futures ETFs by ProShares Trust, set to go live on April 30, 2025. These include the ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF, providing investors with leveraged and inverse exposure to XRP price movements without holding the token directly .
Additionally, several asset managers have filed applications for spot XRP ETFs. Bitwise Asset Management submitted a registration statement for a spot XRP ETF, which the SEC acknowledged in February 2025, initiating a review process that can last up to 90 days . Other firms, including 21Shares, WisdomTree, and Canary Capital, have also filed for spot XRP ETFs, with SEC decision deadlines ranging from October 19 to October 25, 2025 .
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📈 Market Impact and Outlook
The launch of XRP ETFs, both internationally and potentially in the U.S., has bolstered investor confidence in XRP. Analysts suggest that the approval of spot XRP ETFs in the U.S. could lead to significant institutional inflows, with JPMorgan predicting up to $8 billion in investments . However, the actual impact will depend on various factors, including regulatory decisions and market conditions.
