#XRPETFs #XRPETF Investment Funds where the first investment fund in Brazil (EFT) was launched by Hashdex this month, following the spot price of cryptocurrency $XRP on the Brazilian stock exchange B3 under the symbol XRPH1. This fund invests approximately 95% of its assets in cryptocurrency $XRP or contracts linked to the Nasdaq index with fees reaching 0.8% annually. This represents an important step in the adoption of digital currencies by investment institutions, accompanying the U.S. Securities and Exchange Commission (SEC) on ProShares funds, with the official trading starting in late April. The settlement of the Ripple case with the SEC, where the latter announced a preliminary agreement with the U.S. Securities and Exchange Commission to reduce the fine from $125 million to $50 million, with both parties withdrawing legal appeals. This paves the way for the approval of spot XRP funds. Applications have been submitted by major companies to launch spot XRP funds, with the expectation of approval by the Securities and Exchange Commission by October 2025, as the new chairman of this body supports digital currencies. $XRP
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