#XRPETFs XRP exchange-traded funds (ETFs) are investment vehicles designed to track the price of XRP, the native cryptocurrency of the XRP Ledger, allowing investors to gain exposure without directly owning the asset. Here's a concise overview based on recent developments:

Key Developments

United States:

The first XRP ETF in the U.S., the Teucrium 2x Long Daily XRP ETF (XXRP), launched on April 8, 2025, on the NYSE Arca. It offers 2x leveraged exposure to XRP’s daily price movements through swap agreements tied to European XRP exchange-traded products (ETPs). It debuted with $5 million in trading volume, ranking among the top 5% of ETF launches, but is intended for short-term trading due to its leveraged nature and daily reset. The expense ratio is 1.85%.

Teucrium plans a 2x Short Daily XRP ETF to profit from XRP price drops, pending demand assessment.

Spot XRP ETFs are still under SEC review, with applications filed by major firms like Bitwise, Canary Capital, 21Shares, WisdomTree, Grayscale, and Franklin Templeton since October 2024. Approval odds are high (72% by December 2025, per Polymarket), driven by a pro-crypto regulatory shift under new SEC leadership and Ripple’s partial legal victory against the SEC.

ProShares is set to launch three XRP futures ETFs on April 30, 2025: UltraShort XRP ETF, Ultra XRP ETF, and Short XRP ETF, further expanding XRP-related investment options.

The Grayscale XRP Trust offers indirect exposure but isn’t an ETF, though conversion to an ETF is speculated.

Regulatory clarity, particularly from the SEC vs. Ripple case, remains critical. The SEC may withdraw its appeal and reduce Ripple’s $125 million penalty, potentially paving the way for spot ETF approvals.

Brazil:

The world’s first spot XRP ETF, the Hashdex Nasdaq XRP Fundo de Índice (XRPH11), launched on Brazil’s B3 exchange on April 25, 2025. It tracks the Nasdaq XRP Reference Price Index, investing at least 95% in XRP or related instruments, with a 0.8% annual fee (0.7% management, 0.1% custody). Its net worth is nearly $40 million.

ALways DYOR.