$XRP

CVM approves the launch of the world's first XRP cryptocurrency ETF

The fund will be called Hashdex Nasdaq XRP Index Fund and is in the pre-operational phase

The Brazilian Securities and Exchange Commission (CVM) has approved the launch of the world's first exchange-traded fund (ETF) for the XRP cryptocurrency. The ETF is from the Brazilian crypto asset manager Hashdex and will be managed by Genial Investimentos.

The fund's name is Hashdex Nasdaq XRP Index Fund and it is in the pre-operational phase, according to the CVM. This is the phase in which managers and distributors seek investors to build the fund's initial assets.

The digital currency XRP is Ripple's international payments token and is the third largest cryptocurrency in the world by market value, with a capitalization of US$ 150.6 billion.

Source: Valor Econômico