#XRPETF

Brazil has made history by approving the world's first spot XRP exchange-traded fund (ETF), the Hashdex Nasdaq XRP Index Fund. Authorized by the Comissão de Valores Mobiliários (CVM) on February 19, 2025, the ETF is currently in its pre-operational phase and will be listed on the B3 stock exchange.

Managed by Hashdex and administered by Genial Investimentos, this fund offers investors direct exposure to XRP, bypassing the complexities of crypto wallets or exchanges. The approval has significantly boosted XRP's market presence, with prices nearing their all-time highs. This move underscores Brazil's progressive stance on crypto regulation and sets a precedent for global markets.