#XRPETF

Brazil Leads With First-Ever Spot XRP ETF

XRP is the industry’s fourth most valuable cryptocurrency with a $158 billion market cap as of this writing. But despite its dominance in the cryptosphere, regulatory obstacles have effectively hindered the launch of a spot exchange-traded fund (ETF) until now.

Asset manager Hashdex has launched the Hashdex Nasdaq XRP Fundo de Índice, or Hashdex Nasdaq XRP FI,  according to a press release from Valor Econômico.