#XRP

Brazil is the first country to approve a spot XRP exchange-traded fund (ETF). The Comissão de Valores Mobiliários (CVM), Brazil's securities regulator, has greenlit the HASHDEX NASDAQ XRP FUNDO DE ÍNDICE, setting a global precedent for XRP investment vehicles. Trump has shared a Ripple story on social media.

The newly approved ETF, currently in its pre-operational phase, was established on December 10, 2024, according to CVM records. It is administered by Genial Investimentos, a well-known Brazilian investment brokerage firm, while Hashdex, a leading asset manager in the digital asset space, is responsible for managing the fund.

While an official trading launch date on Brazil’s B3 exchange has yet to be announced, Hashdex has confirmed to Portal do Bitcoin, a local news outlet, that the regulatory approval is in place. The firm plans to release additional details soon regarding the ETF’s trading schedule and operational framework.

Meanwhile, President Trump posted a news story about Ripple’s status as a U.S. crypto company. This is expected to favor Ripple’s relationship with regulators, and ultimately, that’s good news for XRP investors. Adjust your XRP price predictions higher if Trump gets involved, as he is teasing here.