#XRPETF Launch of the XRP ETF in the U.S. marks a milestone for the crypto industry
The U.S. Securities and Exchange Commission (SEC) has officially approved ProShares Trust's XRP ETF, with its launch scheduled for April 30, 2025. This decision represents a significant advancement for the institutional adoption of XRP, positioning it alongside Bitcoin and Ethereum as exchange-traded fund assets in the U.S.
This move comes after the prior approval of Bitcoin and Ethereum ETFs and reflects a growing interest from institutional investors in diversifying their portfolios with digital assets. Additionally, Brazil took the lead by launching the first spot XRP ETF in February, indicating a global trend towards the institutionalization of cryptocurrencies.
With this approval, XRP is expected to experience greater liquidity and visibility in traditional financial markets, which could positively influence its valuation and long-term adoption.
