#XRPETFs XRP ETFs are gaining traction globally, with several developments driving interest in these investment products.
Recent Developments
- *US SEC Approves XRP Futures ETFs*: The US Securities and Exchange Commission (SEC) has approved ProShares Trust's XRP futures ETFs, set to launch on April 30, 2025. These ETFs will provide leveraged and inverse exposure to XRP price movements through futures contracts.
- *Brazil Launches First XRP-Spot ETF*: Hashdex has launched the first-ever XRP-spot ETF in Brazil, signaling potential global expansion for XRP ETFs. This development has sparked optimism about the possibility of a US XRP-spot ETF approval.
- *Global Interest*: Nine companies, including Bitwise, 21Shares, and WisdomTree, have filed for XRP ETFs in the US, reflecting growing institutional interest in XRP.
Market Impact
- *XRP Price Surge*: XRP's price has surged over 3% to $2.33, driven by the SEC's approval of ProShares XRP futures ETFs and broader crypto market recovery.
- *Increased Adoption*: The launch of XRP ETFs could catalyze greater institutional adoption of XRP, with experts predicting potential filings from major players like BlackRock.
Key Players
- *ProShares*: ProShares Trust has submitted a Form N-1A to the SEC, outlining plans for multiple XRP ETFs, including the ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF.
- *Hashdex*: Hashdex has launched the first XRP-spot ETF in Brazil, marking a significant milestone in XRP's global expansion ¹ ² ³.
