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Brazil’s Spot ETF, US Next?

  • bytady
  • April 28, 2025
  • 8 minute read
Brazil’s Spot ETF, US Next?
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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.

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 B3
stock 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.

According to the company, this is the ninth crypto ETF launched by
Hashdex in Brazil and its 33rd product offered globally.

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.

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.

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.

At the time of writing (screenshot, https://coinmarketcap.com/)

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.

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.

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 B3
stock 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.

According to the company, this is the ninth crypto ETF launched by
Hashdex in Brazil and its 33rd product offered globally.

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.

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.

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.

At the time of writing (screenshot, https://coinmarketcap.com/)

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.

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