Breaking News: XRP on the Brink of a New Phase!
SEC Approval of the First XRP Futures ETF in the United States
• The U.S. Securities and Exchange Commission (SEC) approves the launch of the first exchange-traded fund (ETF) for XRP futures by ProShares Trust.
• Trading officially begins on April 30, 2025, with 2x leveraged funds (long and short).
Launch of the First Spot ETF for XRP in Brazil
• Brazil sets a global precedent by launching the first spot fund for XRP on the B3 exchange through Hashdex, based on the Nasdaq XRP Reference Price index.
Future Outlook
• Despite significant progress, the launch of a spot ETF for XRP in the United States still depends on the outcome of the legal dispute between Ripple and the SEC.
• JPMorgan's forecast: XRP funds could attract investments of up to $8 billion within one year after final approvals!
Impact on Price
• Following the announcement of the approval, the price rose by +12.7% within just two hours.
