XRP News Today: XRP Gains as Brazil Approves First XRP-Spot ETF; BTC at $93k
XRP rallies 2.79% as ProShares secures SEC approval to launch three XRP Futures ETFs on April 30.
Hashdex launches first XRP-spot ETF in Brazil, signaling potential global expansion for XRP ETFs.
Ripple and SEC settlement talks could reignite hopes for a US XRP-spot ETF and boost XRP demand.
Google Play icon
This Page Looks Better On Our App!
FXEmpire: News and Market Data
FREE - In Google Play
Open
FXEMPIRE
Search Icon
Search Instruments
All
Commodities
Currencies
Crypto
ETFs
Indices
Stocks
User Icon
Home
Markets
arrow-icon
Crypto
arrow-icon
Economic Calendar
News
arrow-icon
Forecasts
arrow-icon
Commodities
Forex
Crypto
Indices
Natural Gas Forecasts
Gold Forecasts
WTI Crude Oil Forecasts
S&P 500 Forecasts
EUR/USD Forecasts
Trade Now With OctaFX
ad
Forex Brokers
arrow-icon
Calendars
arrow-icon
Macro Data
arrow-icon
About Us
arrow-icon
ad
XRP News Today: XRP Gains as Brazil Approves First XRP-Spot ETF; BTC at $93k
By:
Bob Mason
Published: Apr 28, 2025, 01:36 GMT+00:00
Key Points:
XRP rallies 2.79% as ProShares secures SEC approval to launch three XRP Futures ETFs on April 30.
Hashdex launches first XRP-spot ETF in Brazil, signaling potential global expansion for XRP ETFs.
Ripple and SEC settlement talks could reignite hopes for a US XRP-spot ETF and boost XRP demand.
XRP News Today
+3.38%
-0.75%
XRP Rallies on Pro-Shares Futures ETF Approvals
Reports of the SEC greenlighting the launch of three XRP Futures ETFs drove XRP demand on Sunday, April 27. ProShares will launch the ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF on Wednesday, April 30.
Notably, these are futures ETFs, not spot ETFs, meaning the ETFs will give investors exposure to XRP without directly holding the token. The ETFs will invest in XRP futures contracts, swaps, and cash balances in money market instruments, including US Treasuries.
Nevertheless, the crypto community responded positively to the news.
