Brazil Launches World’s First Spot XRP ETF on B3 Exchange.
Brazil has made history by launching the world’s first exchange-traded fund (ETF) that tracks the spot price of XRP, Ripple’s native cryptocurrency.
The fund began trading on April 25 on Brazil’s primary stock exchange, B3, according to a press release from Valor Econômico.
Named Hashdex Nasdaq XRP Index Fund (FI), the ETF is managed by Brazilian asset manager Hashdex and administered by Genial Investments Securities Brokerage SA, with Genial Bank SA serving as custodian.
