#XRPEFT the first ETF (exchange-traded fund) of spot XRP in Brazil by Hashdex and futures contracts of XRP by CME Group.

These developments are crucial because they greatly facilitate traditional and institutional investors to gain exposure to XRP without having to buy or manage the cryptocurrency directly. This increases accessibility and the legitimacy of XRP in the conventional financial market.

The potential impact of this includes a possible increase in demand, liquidity, and valuation of XRP, as well as greater adoption by large market players.

Regarding competition with Bitcoin and Ethereum, while these products elevate the profile of XRP and may increase its size in the market, displacing BTC (seen as a store of value) or ETH (dApps platform) from their dominant positions is a considerable challenge, as XRP has a more specific focus on institutional payments. However, these steps consolidate it as a relevant asset in the crypto and financial space.