Brazil Becomes the First Country to Launch Instant XRP ETF
Summary:
Brazil has become the first country to launch the instant XRP ETF. This new fund has been listed on the Brazilian stock exchange B3, providing institutional and retail investors with direct access to XRP without the need to manage crypto wallets.
Hashdex received approval from the Brazilian Securities and Exchange Commission (CVM) last February. Before the launch, the fund underwent a pre-operational phase to prepare everything for trading.
Market Implications:
The launch of this ETF may set a precedent for other countries and enhance the legitimacy of XRP as a major digital asset.
Experts believe this could significantly boost XRP adoption in Latin America.
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