#XRPETF Finally, after so many years of waiting, the XRP ETF has finally been approved in the USA. The SEC has given the green light for ProShares' ETFs, which will debut on April 30th. There are three products: UltraShort, Ultra, and Short XRP ETFs, all based on futures.

But hold on, it's still not the long-awaited spot ETF. That depends on the conclusion of the Ripple case with the SEC. Negotiations are advancing, with the SEC withdrawing some of the charges and Ripple returning part of the fine. If everything goes well, the path for the spot ETF becomes clearer.

Meanwhile, Brazil has taken the lead and launched the world's first spot XRP ETF, through Hashdex, on the B3. This shows that institutional demand is growing and that XRP is gaining traction in the traditional market.