#XRPETF

The first exchange-traded fund (ETF) in the world tracking the spot price of XRP, the original cryptocurrency of Ripple, was officially launched on Brazil's main exchange B3 on April 25, according to a press release from Valor Econômico.

Brazil was the first country to launch a series of XRP ETFs, unlike any other country, including the United States.

Hashdex's XRP ETF was listed on B3, an exchange in Brazil that enables investors to track the price of XRP directly.

U.S. asset managers are pushing for XRP ETFs as political changes enhance the likelihood of approval.

Brazil achieved a major milestone, successfully becoming the first country to offer an exchange-traded fund for XRP (ETF). Hashdex, a Brazilian asset manager, added the Hashdex SPOT ETF to B3, the largest exchange market in Latin America, under the symbol XRPH11 on April 25.