Crypto News

XRP ETF Approved, But it’s Not Spot ETF

The US Securities and Exchange Commission (SEC) approved the first XRP Futures ETF, launched by Proshares. This ETF is expected to survive on April 30, 2025. While this is not an ETF area – which tracks the actual price of XRP – still a huge step for XRP recognition on Wall Street.

The ETF approved will come only a few years after the Ripple, the company behind the XRP, locked in a long legal battle with Sec. Today, the XRP is moving from courtrooms to trading floors, joining the rank of Bitcoin and Ethereum, which already has both futures and ETF spots.

Some investors were unsure at first, asked, “Why futures and not seen?” But Futures ETF is often the first step. This is the path for Bitcoin and Ethereum, and experts believe that a place XRP ETF can follow. Futures trading allows large institutional investors to take positions in XRP, whether the market is up or down – a common and healthy part of mature financial markets.

Experts have called the approval of a game-changer, pointing out that this move provides major players a way to legal and safe XRP merchants. And the good news does not stop there. In Brazil, the XRP H11 ETF just launched the country's main stock exchange, making it the first ETF focused on XRP worldwide. This global momentum suggests that the XRP is no longer left behind.

A few years ago, the XRP was under heavy legal investigation. Today, it is listed in international exchanges, with regulated investment products that open the door for further adoption.

From that regulators' target to being a favorite of institutional investors – the XRP clearly turns the page.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblocker Detected

Please consider supporting us by disabling your ad blocker