#XRPETF xrpetf The first spot ETF of XRP is listed on the Brazilian Stock Exchange. But what is it? And why spot? Well, the currency has a history worthy of admiration as it has gained institutional acceptance. There is already an index on NASDAQ that replicates the value of the cryptocurrency. (NASDAQ is an index where shares and funds of tech companies like Apple, Facebook, Oracle, Microsoft are listed). The company presenting it is called Hashdex along with another company in charge of its management, Genial Investimentos. Its goal is to replicate this index. And the difference is that these contracts are backed by cryptocurrency assets and are not futures contracts. In Christian terms, it has the advantage of being exposed to the rises of that asset.

There is a tendency to think that the market will replicate the movement followed by Satoshi's currency, but beyond that, its success will be reflected in the security of the crypto asset and the literacy of investors. It is worth noting that this is a currency whose market capitalization exceeds 120 billion dollars. So far, confidence has not been diminished; it has a very updated development community.