SEC Approves XRP Futures ETFs, Brazil Launches First Spot ETF

- SEC Approves Three ProShares XRP Futures ETFs - Brazil Lists World's First XRP Spot ETF [Unblock Media] On April 28, 2025, the United States Securities and Exchange Commission (SEC) approved the launch of three XRP futures-based ETFs by ProShares. Simultaneously, the world's first XRP spot ETF was listed in Brazil, accelerating the integration of XRP into the mainstream financial system. These developments are expected to enhance the liquidity and market accessibility of XRP, thereby strengthening its role within the global financial system. ProShares plans to launch the following three XRP futures ETFs on April 30: - 1.Ultra XRP ETF: Tracks 2x the daily percentage change of the price of XRP - 2.Short XRP ETF: Tracks -1x the daily percentage change of the price of XRP - 3.Ultra Short XRP ETF: Tracks -2x the daily percentage change of the price of XRP These ETFs are based on XRP futures contracts, providing investors with exposure to the price movements of XRP. This is seen as a crucial step in enabling institutional investors to invest in XRP within a regulated environment. In December 2020, the SEC filed a lawsuit against Ripple, claiming that XRP had been sold as an unregistered security. This led to increased uncertainty surrounding the trading and valuation of XRP. However, in March 2025, Ripple and the SEC reached a settlement, ending the lawsuit with Ripple agreeing to pay a $50 million fine. This settlement, accompanied by a court ruling confirming that XRP is not inherently a security, offered a signal of reduced regulatory risk and market stability for investors. On April 25, 2025, Brazil's major stock exchange, B3, listed the world's first XRP spot ETF, 'XRPH11'. Managed by Hashdex, this ETF tracks the real-time price of XRP. It is expected to positively impact the global trust in XRP and its inclusion into the mainstream financial domain. The SEC’s approval of XRP futures ETFs and Brazil's listing of a spot ETF mark a significant turning point in the mainstream integration and global market expansion of XRP. These actions are expected to enhance XRP’s liquidity and market accessibility, fortifying its role within the global financial system. Additionally, Ripple's technology is poised to increase its potential uses in international remittance and payment systems, contributing to practical use cases for XRP. This series of measures is considered a pivotal moment for XRP’s mainstream adoption and global market expansion, also contributing to regulatory clarity and restoring investor confidence across the cryptocurrency market.