#XRPETF Let's go. After years of waiting, the XRP ETF has finally been approved in the US. The SEC has given the green light for the ProShares ETFs, which will debut on April 30. 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 end of the Ripple process with the SEC. The negotiations are progressing, with the SEC withdrawing some of the charges and Ripple returning part of the fine. If all goes well, the path for the spot ETF becomes clearer.

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

In the market, XRP is already feeling the effects. The price has risen to US$$ 2.23, and the trading volume has significantly increased.