#XRPETFs As of Monday, April 28, 2025, here's the latest on XRP ETFs:

**Key Developments:**

* **Brazil Launched First Spot XRP ETF:** Hashdex launched XRPH11 on Brazil's B3 exchange, the world's first spot XRP ETF. This allows investors in Brazil to gain direct exposure to XRP.

* **US Applications Pending:** The SEC in the US is reviewing applications for spot XRP ETFs from multiple firms, including Grayscale, Bitwise, and Franklin Templeton.

* **ProShares XRP Futures ETFs Launching Soon:** ProShares is set to launch three XRP futures ETFs on April 30, 2025, offering indirect exposure in the US.

* **CME to Launch XRP Futures:** The CME Group plans to launch XRP futures on May 19, 2025, which is seen as a potential positive step towards spot ETF approval in the US.

* **SEC Review Underway:** The SEC is in the process of reviewing these applications. The review period can take up to 240 days. A key deadline to watch is **May 22, 2025**, for Grayscale's application.

* **Positive Legal Developments for Ripple:** The SEC dropped its appeal in its case against Ripple in March 2025, which is considered a positive sign for potential ETF approval.

* **New SEC Chair:** The appointment of Paul Atkins as the new SEC Chairman, perceived as more favorable towards crypto, is seen as a potentially positive development for ETF approvals.

**Prospects:**

* **Increased Institutional Investment:** Approval of a spot XRP ETF in the US could lead to significant investment from institutions.

* **Market Catalyst:** Many analysts believe that a US XRP ETF approval could drive XRP's price higher.

* **Regulatory Clarity:** Approval would provide more regulatory clarity for XRP.

**In Simple Terms:**

Brazil has already launched the first-ever "stock" that tracks XRP. Several big companies in the US want to do the same, but they need the US government to say it's okay. The people who make the rules in the US are now looking at XRP more favorably, especially since Ripple (the company behind XRP) had some good news in court.