#XRPETFs

Summary of the latest news on XRP ETFs:

Approvals of XRP Futures ETFs in the USA:

The SEC approved three XRP futures ETFs from ProShares Trust: ProShares XRP Strategy ETF, ProShares Short XRP Strategy ETF, and ProShares XRP Blend Strategy ETF. The launch is scheduled for April 30, 2025.

These ETFs will provide investors with indirect exposure to XRP price movements through futures contracts.

This approval is seen as a positive step for broader institutional adoption of XRP, although investors are still awaiting the approval of spot ETFs.

Launch of the First Spot ETF for XRP in Brazil:

Brazil became the first country to launch a spot ETF for XRP. The ETF, named XRPH11, began trading on B3 (the Brazilian stock exchange) on Friday, April 25, 2025.

The Hashdex ETF will invest at least 95% of its assets directly in XRP or in financial instruments that track the performance of the XRP benchmark index.

Update on Grayscale XRP Trust and Spot ETFs in the USA:

NYSE Arca has requested the conversion of the Grayscale XRP Trust into a spot ETF.

The SEC has started analyzing Grayscale's proposal, with a deadline expected by mid-October 2025. The SEC may approve at any time within this period.

Other companies, such as Franklin Templeton, Bitwise, and 21Shares, have also submitted applications for spot XRP ETFs in the USA.

Market sentiment regarding the approval of spot XRP ETFs in the USA seems mixed, with approval expectations gradually increasing.

Impact on XRP Price:

The price of XRP has seen a significant increase in recent days, driven by news of futures ETFs and the launch of the spot ETF in Brazil.

Technical analysts point to a "falling wedge" pattern that has been broken, suggesting a potential price increase of 55%.

Accumulation by large holders ("whales") is also being observed as a supporting factor for the price.