The United States Stock Exchange and Securities Commission (SEC) has approved the first ETF of futures XRP, announced by Proshares. It is anticipated that this ETF will be launched on April 30, 2025. Although it is not an ETF spot that tracks the real price of XRP, it remains a great movement for the presence of XRP on Wall Street.
The ETF was approved only a few years after Ripple, the company beyond XRP, was secured in a long legal fight with the SEC. At present, XRP is making the transition from legal battles to market areas, aligning with the ranks of Bitcoin and Ethereum, which have futures and ETF spot at this time.
Some investors were initially confused, asking: “Why future and not points?” But future ETFs are usually the first movement. Bitcoin and Ethereum followed this path, and analysts think that an ETF Spot XRP could come next. The futures trade allows large investors to bet on XRP, if the price goes up or down, which is a normal and healthy part of the established financial markets.
Analysts described approval as a turning point, mentioning that this step provides the main players to legally block the XRP exchange. And the positive update does not end there. In Brazil, the ETF XRP H11 has just launched in the main stock exchange of the country, which makes it the first ETF focused on XRP in the world. This shows that XRP is now earning worldwide and is no longer ignored.
Only a few years ago, XRP faced intense legal scrutiny. At present, it is presented in international exchanges, with investment products that meet the way for the broader adoption.
From being monitored by regulators to being very favored by institutional investors, XRP is clearly beginning a new chapter.
Also read:- XRP ETF receives green light, but it’s not a spot version
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