U.S. Approves XRP Futures ETFs, Brazil Debuts Spot ETF

The U.S. Securities and Exchange Commission has approved ProShares to launch three XRP futures-based ETFs on April 30, 2025, expanding regulated investment options for U.S. investors seeking leveraged and inverse exposure to Ripple's XRP. Earlier in April, Teucrium launched the first U.S. XRP futures ETF, and CME Group announced plans to list XRP futures, highlighting growing institutional interest. Despite these advances, spot XRP ETFs that hold the underlying asset remain unapproved in the U.S., with applications from firms like ProShares and Grayscale still pending. In contrast, Brazil has launched the world’s first spot XRP ETF, XRPH11, managed by Hashdex and Genial Investimentos on the B3 exchange, investing directly in XRP. The Brazilian ETF debut triggered significant trading volume and price increases, underscoring robust demand for regulated XRP products. Together, these developments mark a pivotal shift in global XRP investment opportunities as regulatory landscapes evolve.