Brazil Approves World's First Spot XRP ETF

Milestone Achievement as Brazil Approves Spot XRP ETF

Brazil is poised to host the debut of the world's first spot XRP-based exchange-traded fund (ETF) following approval from its securities authority, the Comissão de Valores Mobiliários.

The official site of the regulatory body outlines that this fund, known as the HASHDEX NASDAQ XRP FUNDO DE ÍNDICE, has progressed to the pre-operational stage. This development comes after its establishment on December 10, 2024. Managing the fund is Genial Investmentos, a well-known local investment brokerage.

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