As of Sunday, April 27, 2025, the situation regarding XRP ETFs is changing, with significant progress in the U.S. and around the world:

**Key Developments:**

* **Brazil Launches First Spot XRP ETF:** Brazil's B3 stock exchange launched the world's first spot XRP ETF on April 25, 2025, with the stock code **XRPH11**, marking a groundbreaking initiative. The ETF is managed by Hashdex and overseen by Genial Investimentos, tracking the Nasdaq XRP Reference Price Index and investing at least 95% of its net assets in XRP. This marks an important milestone for XRP, providing Brazilian investors with regulated and secure access.

* **ProShares to Launch XRP Futures ETFs in the U.S.:** ProShares will launch three XRP futures ETFs on **Wednesday, April 30, 2025**. These ETFs (UltraShort XRP ETF, Ultra XRP ETF, and Short XRP ETF) will provide U.S. investors with the opportunity to understand XRP price trends without directly owning it. While futures ETFs are different from spot ETFs, they indicate that regulators are increasingly accepting XRP as an asset class.

* **U.S. Securities and Exchange Commission Still Reviewing Spot XRP ETF Applications:** Despite the positive developments in Brazil and the upcoming U.S. futures ETFs, the U.S. Securities and Exchange Commission (SEC) has not yet approved any spot XRP ETFs. Applications from companies such as Grayscale and Franklin Templeton are currently under review.