#XRPETF Hashdex's XRPH11, the world's first spot XRP ETF, has launched in Brazil, tracking the Nasdaq XRP Reference Price Index with a 95% allocation to XRP. This development could significantly impact XRP's price in the short term, potentially driving it upward due to increased institutional demand. However, it may also introduce volatility due to market adjustments and liquidity factors ¹ ².

*Key Details about XRPH11:*

- *Launch Date:* April 25, 2025

- *Exchange:* B3 stock exchange in Brazil

- *Issuer:* Hashdex

- *Manager:* Genial Investimentos

- *Allocation:* At least 95% of its assets in XRP

*Potential Impact on XRP:*

- *Short-term Price Movement:* Increased demand from institutional investors could drive prices up, but volatility is possible.

- *Long-term Potential:* JPMorgan analysts predict XRP ETFs could attract up to $8 billion over time, with current XRP-focused ETFs globally holding about $950 million ¹ ².

*US XRP ETF Approval:*

- *Predicted Approval Date:* May 22, 2025

- *Approval Probability:* 74% chance of approval in 2025, according to Polymarket, with some predictions as high as 87% ³ ².