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UPDATE: Grayscale has launched a Solana ETF ($SOL) on the New York Stock Exchange (NYSE).
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President Trump has officially banned the creation of central bank digital currencies (CBDCs) by signing an executive order.
US President Donald Trump recently signed an executive order banning the creation of a central bank digital currency (CBDC) in the United States. The decree also established a special working group to develop regulatory and policy frameworks in the field of digital currencies and related financial technologies. The group will be headed by David Sachs, special adviser on artificial intelligence and digital currencies, and with the participation of the Treasury Secretary and the Homeland Security Secretary.
The tasks of the group include reviewing existing regulatory frameworks, developing new guidelines and assessing the feasibility of establishing and maintaining a national repository of digital assets. The move is in line with Trump's election promises to support cryptocurrencies and promote their adoption. The decree also emphasizes the support and promotion of dollar-backed stablecoins globally, but prohibits the creation of CBDCs in the United States.
The decision is in contrast to the policies of the previous Joe Biden administration, which took strict measures against companies involved in cryptocurrencies. The formation of this working group could be an important step towards wider acceptance of digital currencies in the United States.
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US President Donald Trump recently signed an executive order banning the creation of a central bank digital currency (CBDC) in the United States. The decree also established a special working group to develop regulatory and policy frameworks in the field of digital currencies and related financial technologies. The group will be headed by David Sachs, special adviser on artificial intelligence and digital currencies, and with the participation of the Treasury Secretary and the Homeland Security Secretary.
The tasks of the group include reviewing existing regulatory frameworks, developing new guidelines and assessing the feasibility of establishing and maintaining a national repository of digital assets. The move is in line with Trump's election promises to support cryptocurrencies and promote their adoption. The decree also emphasizes the support and promotion of dollar-backed stablecoins globally, but prohibits the creation of CBDCs in the United States.
The decision is in contrast to the policies of the previous Joe Biden administration, which took strict measures against companies involved in cryptocurrencies. The formation of this working group could be an important step towards wider acceptance of digital currencies in the United States.
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"The future of bitcoin and digital assets in America has never been brighter," says Senator Cynthia Loomis.
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BlackRock CEO Larry Fink says he has "great faith" in bitcoin and predicts its price could reach $700,000.
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Urgent: 🇨🇭 Swiss state-owned bank PostFinance AG launches Ethereum staking service.
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🪙🚀Stock market information for XRP (XRP)
XRP is a crypto in the CRYPTO market.
The price is 2.17 USD currently with a change of -0.06 USD (-0.03%) from the previous close.
The intraday high is 2.24 USD and the intraday low is 2.17 USD.
The XRP ETF landscape is rapidly evolving, with significant developments both internationally and in the U.S.
🌎 Global Milestone: Brazil Launches First Spot XRP ETF
On April 25, 2025, Brazil's B3 stock exchange introduced the world's first spot XRP ETF, named Hashdex Nasdaq XRP Fundo de Índice (XRPH11). Managed by Hashdex, this ETF tracks XRP's price using the Nasdaq XRP Reference Price Index. The launch signifies a major step toward mainstream crypto adoption, offering Brazilian investors direct exposure to XRP without the need to hold the asset themselves.
In the United States, the first XRP ETF, Teucrium's 2x Long Daily XRP ETF (XXRP), debuted on April 8, 2025. This leveraged ETF aims to deliver twice the daily returns of XRP through swap agreements. On its debut, it achieved $5 million in trading volume, ranking it among the top 5% of new ETF launches.
Looking ahead, ProShares is set to launch three XRP Futures ETFs on April 30, 2025:
ProShares UltraShort XRP ETF
ProShares Ultra XRP ETF
ProShares Short XRP ETF
These ETFs will offer investors exposure to XRP price trends without holding the token directly, reflecting growing regulatory acceptance of XRP as an asset class.
Analysts anticipate that these developments in futures-based ETFs could pave the way for the approval of a spot XRP ETF in the U.S. Polymarket, a prediction platform, currently assigns a 77% probability to the approval of a U.S. spot XRP ETF within the year.
🚀📈 XRP Price Outlook Amid ETF Momentum
As of April 27, 2025, XRP is trading at approximately $2.17.
The introduction of XRP ETFs, both internationally and domestically, has bolstered investor sentiment. Analysts suggest that a favorable resolution of the ongoing SEC lawsuit against Ripple, combined with
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Sheeraz-Khan
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