#AbuDhabiStablecoin Latest developments regarding XRP ETF funds:

Approval from the U.S. Securities and Exchange Commission (SEC): ProShares has received implicit approval to launch three futures-linked index funds related to XRP, which are:

Ultra XRP ETF: with 2x leverage.

Short XRP ETF: to bet on price declines.

Ultra Short XRP ETF: with -2x inverse leverage.

These funds were scheduled to launch on April 30, 2025, but the launch has been postponed to an unspecified later date.

Launch of the first XRP ETF in Brazil: Brazil has launched the first spot index fund (Spot ETF) for XRP, making it the first country to offer this investment product.

📈 Impact of these developments on the price of XRP:

The XRP coin has seen an increase of nearly 5%, reaching a daily high of $2.36, driven by optimism around futures index funds, whale accumulation, and technical breakouts.

🧠 What is the difference between futures and spot index funds?

Futures ETFs: track future contracts of the currency, meaning they do not own the actual currency but bet on future price movements.

Spot ETFs: invest directly in the digital currency, providing direct exposure to the price of the underlying asset.