#XRPETF #XRPETF

As of Sunday, April 27, 2025, the situation of the XRP ETF is changing, with significant progress in the United States and globally:

**Key Developments:**

* **Brazil launches the first spot XRP ETF**: The Brazilian B3 Stock Exchange launched the world's first spot XRP ETF on April 25, 2025, with the stock code **XRPH11**. This is 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 regulated and secure access for Brazilian investors.

* **ProShares to launch XRP futures ETF in the United States:** 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 the opportunity to understand XRP price trends without directly owning it. While futures ETFs differ 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 positive progress 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 like Grayscale and Franklin Templeton are under review.

* **Optimism about U.S. approval of spot XRP ETFs:** Following Ripple's partial victory in its lawsuit against the SEC and the SEC's subsequent decision to drop the appeal, optimism is growing regarding the eventual approval of spot XRP ETFs in the U.S. Bloomberg ETF analysts noted that U.S. approval of spot Solana and XRP ETFs seems to be 'inevitable.'

* **BlackRock's position:** Although other companies have applied for spot XRP ETFs in the U.S., BlackRock, the world's largest asset management company, has yet to take such a step. Analysts suggest they may wait for ongoing institutional demand and further regulatory clarity before entering the XRP ETF market.

* **Potential market impact:** Analysts predict that the approval of spot XRP ETFs by major markets like the U.S. could attract significant inflows of capital, potentially driving up the price of XRP.