#XRPETF More calm, it's still not the dreamed spot ETF. This depends on the end of the process between Ripple and the SEC. The negotiations are progressing, with the SEC withdrawing some of the charges and Ripple returning part of the fine. If everything goes well, the path for the spot ETF becomes clearer.
Meanwhile, Brazil has taken the lead and launched the world's first spot XRP ETF through Hashdex on 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 increased significantly.
So, what to expect? If the spot ETF is approved in the USA, XRP could gain even more traction. But, as always, it's good to keep an eye on the next movements and stay cautious