$XRP ETFs are exchange-traded funds that track the price of XRP, offering investors exposure to the cryptocurrency. Here's what's happening in the world of XRP ETFs :
- *Brazil's XRP ETF Lead*: Brazil has launched the world's first spot XRP ETF, XRPH11, on its stock exchange B3. This development could pressure US regulators to reconsider their stance on cryptocurrency-based financial products.
- *XRPH11 Details*:
- *Issuer*: Hashdex
- *Launch Date*: April 25, 2025
- *Investment*: At least 95% of its assets in XRP
- *Fees*: 0.7% annual fee and 0.1% custody fee
- *Global Implications*: The success of XRPH11 could pave the way for spot ETF products in the US, Europe, and Asia, potentially driving increased liquidity and institutional interest in XRP.
- *US Approval Chances*: Polymarket gives XRP ETF approval in the US a 74% chance by the end of 2025, with some analysts predicting significant growth in XRP's price if approved.
- *Existing XRP ETPs*: Several XRP ETPs (Exchange-Traded Products) are available in other markets, such as :
- *21SHARES XRP ETP* on XSWX (Switzerland), XAMS (Netherlands), and OOTC (US OTC Markets)
- *Trading Symbols*: AXRPCHF.SW, (link unavailable), TOSRF, and (link unavailable)
The launch of XRPH11 marks a significant milestone for XRP and the broader cryptocurrency market, potentially setting a precedent for other countries to follow suit.
