Brazil Set to Launch World’s First Spot XRP ETF
Name
Brazil Set to Launch World’s First Spot XRP ETF
Description
The world’s first spot XRP ETF, HASHDEX NASDAQ XRP FUNDO DE ÍNDICE, has been approved by Brazil’s CVM and is in a pre‑operational phase. Although an official trading date on Brazil’s B3 exchange has not yet been announced, further details are expected soon.
Publish date
8:15am, Wednesday, February 19, 2025
Referenced by
Brazilian Securities Commission has approved Hashdex to launch XRP-based spot ETF
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News story
The impact of a spot XRP ETF in Brazil is likely to have will likely be dwarfed by the launch of a similar fund in the US
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The fund managder Hashed has confirmed to local news outlet Portal do Bitcoin that the fund has been approved by the CVM
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