Brazil greenlights XRP spot ETF while U.S. optimism builds. With legal drama, ETF hype, and market momentum, XRP traders stay on high alert as the token outpaces the market.
Brazil Says “Sim” to XRP: The First Spot ETF Lands
Move over Bitcoin and Ethereum — XRP is taking center stage in Brazil. On April 25, Hashdex announced the launch of XRPH11, which it described as “the world’s first XRP ETF” and “another crypto milestone on the Brazilian stock exchange”. Latin America’s first-ever XRP spot ETF is now live on the B3stock exchange. That’s right — Brazilians can now get their XRP fix without the hassle of wallets, private keys, or explaining to grandma what a blockchain is.
???? XRPH11 - The world's first XRP ETF. Another crypto milestone on the Brazilian stock exchange! ????????Hashdex just launched XRPH11, giving investors secure and regulated access to $XRP — one of the leading #crypto assets focused on fast, low-cost international payments. pic.twitter.com/kpokQP5NM4
— Hashdex (@hashdex) April 25, 2025
According to the company, this is the ninth crypto ETF launched by Hashdex in Brazil and its 33rd product offered globally.
⚡️XRPH11 is Hashdex’s 9th crypto ETF in Brazil and our 33rd product globally.We continue expanding access to the #crypto economy, offering investors trusted, regulated, and efficient ways to participate in the future of #finance.
— Hashdex (@hashdex) April 25, 2025
Coming to the US?
Crypto-betting platform Polymarket now puts the odds of a US XRP spot ETF approval by December 2025 at 78%, up from 68% on April 22. Still, it's a step down from the optimistic 87% peak seen back in May.
????BREAKING: WisdomTree files for a spot $XRP ETF, backed by Bank of New York Mellon. Institutional adoption is coming. The game is changing. pic.twitter.com/yBX9br1NIp
— Armando Pantoja (@_TallGuyTycoon) December 2, 2024
XRP ETFs have been a hot topic for some time.
Fueling this cautious optimism — or dampening it, depending on your view — is the SEC’s ongoing silence regarding its appeal against the ruling on Ripple’s Programmatic Sales of XRP. While traders are holding their breath, a withdrawal of the appeal could be just around the corner. If that happens, expect speculation around an SEC greenlight — and XRP demand — to spike. Hashdex themselves are already offering bitcoin and ether ETFs in the US.
Gain regulated exposure to the crypto ecosystem with the Hashdex Nasdaq Crypto Index US ETF - $NCIQ. A multi-asset, rules-based, product that gives investors exposure to #bitcoin and #ether without the complexities of self-custody. Learn More: https://t.co/sTrXZNNMTp… pic.twitter.com/CSDAUZULc8
— Hashdex (@hashdex) March 5, 2025
For context, both the SEC and Ripple filed a joint motion on April 10 asking the court to pause the appeal process, signaling a potential settlement in the works. This settlement ties back to Judge Analisa Torres' Final Judgment, which slapped Ripple with a $125 million penalty and barred XRP sales to institutional investors.
XRP Market Outlook: All Eyes on Legal Moves and ETF Buzz
XRP closed Sunday with a 2.79% rally, adding to Saturday’s modest 0.42% gain to settle at $2.2527. While the broader crypto market took a 0.91% dip, dragging total market cap down to $2.9 trillion, XRP was swimming against the tide to outperform its peers.
Looking ahead, XRP’s next moves hinge on a trifecta of catalysts: a possible Ripple-SEC settlement, growing ETF optimism, and those ever-present macroeconomic wildcards — think Federal Reserve rate decisions and the latest twists in US-China trade relations.
On the charts, $2.10 is shaping up as near-term support, while a decisive push past $2.50 could clear the runway for a flight toward $3, with ambitious eyes still set on the all-time high of $3.5505. Buckle up — XRP’s trajectory could get interesting fast.
XRP’s Moment — A Gamble, a Rally, and a Waiting Game
With Brazil giving XRP the regulatory nod and the U.S. potentially warming up (slowly, as usual), XRP is firmly back in the spotlight. The combination of legal chess moves, ETF hype, and macroeconomic curveballs makes XRP one of the most unpredictable — and exciting — tokens to watch right now.
Will the SEC finally play nice? Will US investors get their own slice of the XRP ETF pie? Or will crypto’s favorite legal saga drag on for another season?
One thing’s certain: XRP isn’t fading into the background anytime soon. For traders, investors, and thrill-seekers alike, the message is clear — stay alert, stay flexible, and maybe keep a helmet handy. This ride’s far from over.
This article was written by Louis Parks at www.financemagnates.com.
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