For large institutions and individuals who want to be exposed to the performance of XRP but were hesitant to enter the world of cryptocurrencies directly, the responsible company guarantees high protection for digital assets, which enhances the security factor.

The step doesn't mean that the market will explode or that XRP will soar, but it's a positive step that helps integrate cryptocurrencies more with the traditional financial system. Additionally, the existence of a fund like this increases liquidity and makes the currency more acceptable among traditional investors who are looking for reliable investment tools.

Brazil is trying to keep pace with the global trend in regulating the cryptocurrency market and is taking calculated steps, not random ones. This step confirms that cryptocurrencies are not just a fleeting trend, but have become a part of the natural evolution of financial markets.

Therefore, this fund could gradually affect the XRP market over time, especially if it starts attracting large investments.

XRP

Original price $12, which may cause some coins to rise and others to fall.