Recent Updates on #XRPETF

- On April 27, 2025, according to reports, the U.S. SEC approved ProShares Trust to launch multiple futures ETFs related to XRP, with an effective date of April 30. The products include ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF.

- On April 25, Hashdex partnered with Genial Investimentos to launch the world's first XRP exchange-traded fund (ETF) on Brazil's B3 stock exchange, with the stock code XRPH11, aimed at tracking the NASDAQ XRP Reference Price Index.

Market Impact

Brazil's approval of the first spot XRP ETF is expected to enhance the liquidity and market acceptance of XRP. As an efficient and low-cost cross-border payment tool, XRP's popularity among institutional investors may further increase. Some analysts believe that if the XRP spot ETF is approved in the third quarter of 2025, it will bring in more institutional investors and capital inflows, with expectations of releasing up to $8 billion in capital inflows within the first 12 months after approval.

However, it is important to note that the cryptocurrency market is highly uncertain and risky, and investing in XRP ETFs requires careful assessment.