"Hashdex’s Spot XRP ETF launch in Brazil is historic. Not a futures product. Not a synthetic basket. A real, physically-backed XRP ETF open for institutional investors and the public. The floodgates are open."
Stellar Expert highlighted Brazil’s growing influence in the crypto space, noting:
"Brazil may seem ‘small’ to some. But it’s one of the largest and fastest-growing crypto markets globally. History shows: Once one country opens the gates… others follow fast. Spot Bitcoin ETFs started abroad first too. Now look."
Key Market Developments
Rising Odds for US XRP-Spot ETF
According to Polymarket, the probability of a US XRP-spot ETF approval by December 2025 has climbed to 78%, up from 68% in late April. However, optimism has dipped from May’s peak of 87%.
The SEC’s delayed decision on withdrawing its appeal against the Programmatic Sales of XRP ruling has tempered expectations. A settlement between Ripple and the SEC—following their joint motion filed on April 10—could accelerate approval prospects.
XRP Price Drivers
- Potential SEC settlement
- XRP-spot ETF optimism
- Macroeconomic trends (Fed policy, US-China trade relations)
Technical Outlook:
- Support: $2.10
- Resistance: $2.50 (breakout could target $3+)
👉 Explore real-time XRP price trends
Bitcoin Market Update: Profit-Taking Amid Macro Uncertainty
BTC briefly touched $95k** before retreating to **$93,802. Critical factors ahead:
- US Economic Data: Inflation/employment reports
- Trade Negotiations: US-China tensions
- ETF Flows: Last week saw $3B+ net inflows—the highest since January.
"Investors are rushing into Bitcoin… Is BTC heading to $100k+?"
— The Kobeissi Letter
Legislative Catalyst: Bitcoin Act
Senator Cynthia Lummis’s proposal for the US to acquire 1M BTC over 5 years (20-year lock-up) could propel prices if passed.
FAQ
Q1: How does Brazil’s XRP-spot ETF impact global markets?
A: It sets a precedent for other countries, similar to how Bitcoin ETFs gained traction internationally before US approval.
Q2: What’s the timeline for a US XRP-spot ETF?
A: Polymarket odds suggest late 2025, but SEC settlement progress could accelerate this.
Q3: Why is BTC decoupling from traditional risk assets?
A: Increasing demand as a safe haven amid geopolitical/economic uncertainty.
👉 Stay updated on crypto ETF developments
Keywords: XRP-spot ETF, Bitcoin price, SEC settlement, crypto regulation, BTC inflows, Hashdex, Brazil crypto market
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