#XRPETFs XRP ETFs Gain Momentum: Global Launches and Regulatory Advances – April 28, 2025
XRP is making significant strides in the exchange-traded fund (ETF) landscape, with notable developments in both Brazil and the United States.
Brazil Leads with First Spot XRP ETF
On April 25, Brazil’s B3 stock exchange became the first globally to list a spot XRP ETF, XRPH11, managed by Hashdex and administered by Genial Investimentos. The fund allocates at least 95% of its net assets to XRP, tracking the Nasdaq XRP Reference Price Index.  
U.S. Approves XRP Futures ETFs
In the United States, the Securities and Exchange Commission (SEC) has approved the launch of three XRP futures ETFs by ProShares, set to debut on April 30. These include Ultra XRP ETF, Short XRP ETF, and Ultra Short XRP ETF, offering investors various strategies to engage with XRP’s price movements.  
Market Impact
Following these announcements, XRP’s price has experienced a notable increase, trading at approximately $2.28, with a 24-hour trading volume surge of over 170%. 
Outlook
While Brazil has taken the lead with a spot XRP ETF, the U.S. market is making progress with futures-based offerings. The SEC is currently reviewing applications for spot XRP ETFs, including one from Grayscale, with a decision expected by May 22.  
Note: Cryptocurrency investments carry inherent risks. Investors should conduct thorough research and consider their risk tolerance before making investment decisions.
