#XRPETF XRP is currently trading at $2.23, reflecting a 1.36% increase over the past 24 hours. This uptick follows the launch of the world's first spot XRP ETF, XRPH11, on Brazil's B3 exchange by Hashdex and Genial Investimentos. The ETF invests at least 95% of its net assets into XRP, tracking the Nasdaq XRP Reference Price Index. ​

In the U.S., the Securities and Exchange Commission (SEC) has acknowledged multiple XRP ETF applications, including those from 21Shares, Grayscale, and Bitwise. Analysts predict a high likelihood of approval by May 22, 2025, especially after the SEC dropped its lawsuit against Ripple.

Ripple CEO Brad Garlinghouse anticipates XRP ETFs will launch in the U.S. by the second half of 2025, citing strong institutional demand and the recent legal victory as key factors.