#AirdropStepByStep Latest developments regarding XRP ETF funds:

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

Ultra XRP ETF: with 2x leverage.

Short XRP ETF: to bet on a price decline.

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 launched the first Spot ETF for XRP, making it the first country to offer this investment product.

📈 The impact of these developments on XRP's price:

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

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

Futures index funds (Futures ETFs): follow futures contracts for the currency, meaning they do not own the actual currency but bet on future price movements.

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