Brazil Approves World’s First XRP ETF
- Brazil’s Securities and Exchange Commission (CVM) approved the first XRP exchange-traded fund (ETF).
- The ETF, named “Hashdex NASDAQ XRP Index Fund,” will launch on Brazil’s B3 stock exchange.
- XRP is the third-largest digital asset by market cap, valued at $152 billion.
- Genial Investimentos will administer the fund.
- Hashdex has previously launched crypto ETFs in Brazil and the US.
The CVM’s approval of Hashdex’s XRP ETF underscores Brazil’s innovative stance on cryptocurrency markets, marking a significant milestone as it prepares for debut on B3.
Source (2.6)https://cryptobriefing.com/worlds-first-xrp-spot-etf-brazil/?rand=59535
