Background of Hashdex's Launch of XRP Spot ETF: Brazil's 2022 'Crypto Asset Legal Framework' includes virtual assets as financial assets, receiving regulatory approval in February 2025 and listing in April; the new SEC chair in the United States aims to build a clear regulatory framework, and Ripple won the lawsuit against the SEC, ruling that XRP is not a security in the secondary market. XRP has high liquidity and advantages in cross-border payment scenarios, with strong demand from investors in Brazil and other regions. Meanwhile, under the trend of institutionalization of cryptocurrencies, Hashdex is improving its product line leveraging its first-mover advantage. #XRPETF