#XRPETFs The proposal from January 17, 2025, appeared against the backdrop of the election of "crypto-friendly" U.S. President Donald Trump, according to the report.

Are these the first ETFs related to XRP?

No, Teucrium's futures ETFs on XRP began trading on the New York Stock Exchange on April 8.

Meanwhile, ProShares has also applied for an XRP Spot ETF, which is awaiting approval from the US SEC. A similar product from Hashdex — the world's first spot XRP ETF — was approved in Brazil last week.