The first XRP spot exchanged (ETF) worldwide is set to debut in Brazil after being approved by the country’s security regulator, Comissão de Valores Mobiliários.
The regulator Shows on the website That fund, the Hashdex Nasdaq XRP Fundo de índice, is currently in a pre-operational phase after setting up on December 10, 2024. The fund administrator is genial investmentos, a local investment broker firm.
The Funding Fund has been confirmed at the local news outlet Portal do bitcoin that the fund was approved by CVM. While there is no official date to start trading in Brazil’s B3 exchange, Hashed said it will immediately release further information.
In the US, the Securities and Exchange Commission received There are many XRP ETF applications from the main manager owners, including coinshares, bitwise, 21shares and grayscale.
Launching these funds, allowing investors to obtain regulated exposure to the underlying possession without going through crypto exchanges or dealing with private keys, can draw billions -billion in space According to JPMorgan analysts.
The impact of an area XRP ETF in Brazil is likely to have dwarfed by launching a similar US fund.
CoinDesk reached out to Hashdex but had not heard it through the time of press.
