🛑Stop everything! XRP becomes the new protagonist of the Brazilian crypto ecosystem, and rightly so: this Friday, April 25, the first spot ETF of XRP debuts on the Brazilian Stock Exchange (B3) under the ticker XRPH11. Yes, you read that right: spot, not futures! 🎯
This new exchange-traded fund was developed by Hashdex and will be managed by Genial Investimentos. Its official name is Hashdex Nasdaq XRP Index Fund, and its mission is clear: to replicate the Nasdaq XRP index (NQXRP), which reflects the real price of the cryptocurrency issued by Ripple Labs. A move with precision! 🏹
🫵🏻What does this mean for you?
Starting Friday the 25th, anyone with an account on a platform that operates on the B3 will be able to buy or sell shares of this ETF on the secondary market. A new door opens for regulated access to XRP! 🔓💰
🤔 And what happens the day before?
On April 24, the initial subscription starts, where institutional investors will be able to acquire shares directly from the fund. This allows for the creation of shares and provides the necessary capital to buy real XRP in the market. All very spot, all very transparent! 🧐✅
🌞🌅A bit of context...
🇧🇷Brazil had already anticipated the crypto future when it launched the first Solana ETF (QSOL11) in August 2024. Now, with XRPH11, it reaffirms its place as one of the most active countries in integrating digital assets into regulated markets. Brazil is not playing around! ⚽🔥
Meanwhile, in 🇺🇲the United States... they are still waiting for the SEC to give the green light to the spot ETFs of XRP. For now, only a leveraged ETF based on futures called 'Teucrium 2x Long Daily XRP ETF' has been launched, but the community knows that the spot is the real game-changer. ⚖️⏳
👀And be careful: while a spot ETF may open the tap 🚰 to new investors, it does not guarantee that the price of XRP will automatically rise. ⚠️So be careful with expectations, crypto adventurers! 🧭
📌 Sources: CriptoNoticias, Hashdex, Genial Investimentos, Nasdaq, (Check the official statement at: criptonoticias.com)
🫵🏻🤔And what do you think?
📈Do you think this spot ETF will boost the price of XRP or will it just be institutional smoke 💨?
I'll read you in the comments! 📝
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