#XRPETF The landscape of Exchange Traded Funds (ETFs) for XRP is undergoing a remarkable evolution, marking a significant milestone for the cryptocurrency. Recently, Brazil became the pioneer by launching the first spot XRP ETF, debuting on the B3 stock exchange under the ticker XRPH11 and managed by Hashdex. This fund replicates the Nasdaq XRP benchmark price index (NQXRP), offering Brazilian investors a regulated way to gain exposure to XRP's performance.
In the United States, anticipation for a spot XRP ETF is growing. The recent announcement by the CME Group regarding the launch of XRP futures in May has generated optimism, as the SEC has historically viewed CME futures markets favorably when approving Bitcoin and Ethereum ETFs. ProShares is also joining the interest with the launch of three XRP futures ETFs scheduled for April 30, providing investors with new avenues to speculate on XRP price movements without directly owning the cryptocurrency. These developments suggest an increasing institutional interest and a potential for greater regulatory acceptance for XRP-based investment products globally.