#XRPETF long years of waiting, but the XRP ETF has finally been approved in the US. 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 is still not the long-awaited spot ETF. This depends on the conclusion of the Ripple process with the SEC. Negotiations are progressing, 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 will be clearer.

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