Brazil breaks history! The world's first spot XRP ETF is approved, surpassing the United States and triggering a market carnival

The Brazilian Securities Market Commission (CVM) announced the approval of the world's first spot XRP exchange-traded fund (ETF), which is managed by Hashdex and plans to be listed on the B3 Stock Exchange. This decision makes Brazil the first country in the world to support XRP ETFs, ahead of the United States and other major markets.

This breakthrough has caused a market shock, and the price of XRP has risen by 7% in the past 24 hours to $2.67, becoming the strongest performing asset among the top ten cryptocurrencies. XRP has risen by 10% in a week. The launch of this ETF provides investors with a safe and regulated investment channel, meeting the growing global demand for cryptocurrency ETFs.

In sharp contrast, the U.S. Securities and Exchange Commission (SEC) continues to postpone its decision on the XRP ETF, awaiting the outcome of the Ripple lawsuit. Despite this, the continued rise in XRP prices and market sentiment indicates that the potential of the asset is still being released.