#XRPETF #XRPETF February 2025 The Brazilian Securities Commission approved the Hashdex Nasdaq XRP Index for a Fund, making it the first spot XRP ETF in the world expected to be listed on the Brazilian stock exchange B3. Several companies have submitted applications for XRP spot ETFs. Several asset management firms have applied to launch spot funds linked to XRP in the United States, including:
An application was submitted in October 2024 to launch an XRP ETF after registering a spot trading entity.
An application was submitted in November 2024 for the listing of (21Shares Core XRP Trust (Cboe Stock Exchange as a custodian with Coinbase appointing BZX. Companies have submitted applications: WisdomTree, reflecting growing institutional interest in launching spot ETFs for this digital asset.
High volatility: Leveraged exchange-traded funds like XXRP are considered risky due to the volatility of XRP's price, which recorded a 13% drop on its launch day.
Regulatory uncertainty: Despite some court rulings that consider XRP not a security, the legal boundary between Ripple and the U.S. Securities and Exchange Commission remains, indicating an element of uncertainty.
Approval delays may take a long time, delaying the launch of these products in the market.
Liquidity risks: In the event of decreased demand for XRP or waning interest, exchange-traded funds may face challenges in maintaining the required liquidity.
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