The U.S. Securities and Exchange Commission (SEC) has approved the first-ever XRP futures ETF, announced by ProShares. This ETF is anticipated to launch on April 30th, 2025. Although it’s not a spot ETF that tracks the real price of XRP, it’s still a big move for XRP’s presence 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 transitioning from legal battles to market arenas, aligning with the ranks of Bitcoin and Ethereum, which have both futures and spot ETFs at this point.
Some investors were initially confused, asking, ‘Why futures and not spot?’ But future ETFs are usually the first move. Bitcoin and Ethereum followed this path, and analysts think a spot XRP ETF could come next. Futures trading lets big investors bet on XRP, whether the price goes up or down, which is a normal and healthy part of established financial markets.
Analysts described the approval as a turning point, mentioning that this step provides major players a way to legally lock trade XRP. And the positive update does not end there. In Brazil, the XRP H11 ETF has just launched on the country’s main stock exchange, making it the first XRP-focused ETF in the world. This shows that XRP is now gaining attention globally and is no longer being ignored.
Only a few years back, XRP was facing intense legal scrutiny. At present, it is being featured on international exchanges, with compliant investment products paving the way for wider adoption.
From being monitored by regulators to becoming highly favoured by institutional investors, XRP is clearly starting a new chapter.
Read also:- XRP ETF Receives Green Light, But It’s Not a Spot Version
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