A major milestone has been reached for the XRP cryptocurrency as its first-ever exchange-traded fund (ETF) launched on Brazil’s B3 stock exchange. This landmark event opens doors for wider adoption of XRP and could signal a significant surge in investment in the near future. The ETF, known as XRPH11, is managed by Hashdex and Genial Investimentos, and it tracks the Nasdaq XRP Reference Price Index. This approach provides a convenient and regulated way for investors to access XRP without directly dealing with or storing the asset itself. With billions of dollars expected to flow into XRP-related products, the industry could experience rapid growth and even see prices soar by 1000%. It’s worth noting that this launch is taking place in Brazil instead of the United States, where companies like Grayscale and Franklin Templeton have applied for approval from the SEC. While a US approval seems uncertain, the demand for XRP-related investment products continues to climb. CoinShares reports nearly $950 million in assets under management for XRP-focused ETPs as of April 18th, with last week seeing over $37.7 million in new investments. Experts predict that this trend could push the XRP price towards $24 this year. The future looks promising for XRP, and the global community eagerly awaits further developments.