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Brazil Gives Green Light To World’s First Spot XRP ETF—What to Expect

Brazil might just become the first country to launch a spot XRP ETF also known as exchange-traded fund, after Hashdex received the green light from the nation’s securities regulator.

The Hashdex Nasdaq XRP Index Fund has entered its pre-operational phase, as confirmed by Brazil’s Securities and Exchange Commission (CVM).

While a specific launch date has yet to be announced, this fund is expected to be listed on Brazil’s B3 exchange. The approval marks a significant milestone for both the Brazilian crypto market and the global XRP community.

Unlike futures-based ETFs, a spot XRP ETF directly invests in the underlying asset—in this case, XRP—providing investors with straightforward exposure. This development is likely to attract institutional and retail interest, potentially boosting the asset’s credibility and liquidity.

Brazil Gives Green Light To World’s First Spot XRP ETF—What to Expect

Brazil might just become the first country to launch a spot XRP ETF also known as exchange-traded fund, after Hashdex received the green light from the nation’s securities regulator.

The Hashdex Nasdaq XRP Index Fund has entered its pre-operational phase, as confirmed by Brazil’s Securities and Exchange Commission (CVM).

While a specific launch date has yet to be announced, this fund is expected to be listed on Brazil’s B3 exchange. The approval marks a significant milestone for both the Brazilian crypto market and the global XRP community.

Unlike futures-based ETFs, a spot XRP ETF directly invests in the underlying asset—in this case, XRP—providing investors with straightforward exposure. This development is likely to attract institutional and retail interest, potentially boosting the asset’s credibility and liquidity.

https://bitcoinist.com/brazil-green-light-to-worlds-first-spot-xrp-etf/