#XRPETF

XRP ETFs are gaining traction globally, with significant developments in Brazil and the US.

Recent Developments

- *Brazil's Approval*: Brazil's securities regulator has approved the world's first spot XRP ETF, the Hashdex Nasdaq XRP Fund, which is now in its pre-operational phase.

- *US Filings*: Several companies have filed for XRP ETFs in the US, including Bitwise, ProShares, 21Shares, Canary Capital, and Franklin Templeton. The SEC is reviewing these applications, with a decision expected soon.¹ ²

Potential Impact

- *Increased Adoption*: XRP ETFs could attract institutional investors, driving growth and stability in the XRP market.

- *Market Performance*: Analysts predict potential inflows of $400 million to $8 billion into XRP ETFs, depending on market conditions and institutional interest.

- *Price Movement*: XRP's price has jumped over 12% after the SEC's acknowledgment of ETF filings, with some analysts predicting a rally to $8 or even $110.³ ⁴ ⁵

Available XRP ETFs

- *Teucrium 2x Long XRP ETF (XXRP)*: This ETF is currently trading on the ARCX exchange, with a price of $32.53 and a 52-week range of $22.50 to $35.57.⁶

Odds of Approval

- *Polymarket Prediction*: Crypto bettors on Polymarket put the odds of an approved XRP ETF this year at 78%.