#XRPETF
XRP ETF, or XRP Exchange-Traded Fund, is a financial instrument that tracks the price of XRP, allowing investors to buy and sell XRP without directly owning the cryptocurrency. Here are some key details about XRP ETF:
*Key Features*
- *Spot XRP ETF*: The world's first spot XRP ETF, XRPH11, was launched in Brazil, tracking the Nasdaq XRP Reference Price Index with a 95% allocation to XRP.
- *Listing*: XRPH11 is listed on Brazil's B3 stock exchange, providing a regulated pathway for investors to invest in XRP without owning or storing the token themselves.
- *Market Access*: This ETF opens up institutional and retail access to XRP, marking a significant step in crypto adoption in traditional finance.
*Price and Market Data*
- *Price*: The price of XRP ETF (XRPETF) is $0.0000000000008833 USD, with a 24-hour trading volume of $3,258.
- *Market Cap*: The market cap and circulating supply of XRP ETF are not available.
- *Max Supply*: The max supply of XRP ETF is 42,069,000 B XRPETF ¹ ².
*Potential Impact*
- *Global Adoption*: The launch of XRP ETF in Brazil could pressure other countries, like the US, to accelerate approvals for crypto spot ETFs, potentially leading to increased adoption.
- *Investment Opportunity*: XRP ETF provides a new investment opportunity for those interested in XRP, with potential price targets of $2.50, $3.00, and $5.00 in the short-term and long-term ².
