On May 19, 2023, the world's first XRP spot ETF “Hashdex Nasdaq XRP Index Fund” was successfully approved for listing in Brazil and is traded on the São Paulo Stock Exchange (B3). The launch of this ETF not only provides compliant and convenient XRP investment channels for investors in Brazil and the Latin American region but also fills the market gap of XRP lacking a spot ETF, marking a significant increase in XRP's recognition in the traditional financial sector. Meanwhile, the world's largest futures exchange, CME Group, announced that it will officially launch XRP futures contracts on May 19. This move is a key step for XRP towards mainstream financial markets.