Hashdex, a leading company in digital asset management, received an organizational approval from Brazil Securities and Stock Exchange Committee (CVM) To launch the first spot in the world XRP ETF.
The news was officially reported by Portal de Bitcoin, and the deposit can be found on CVM’s Database. The box, which is officially appointed to the Hashdex Nasdaq XRP Index, will be included in the Brazil’s initial stock exchange, B3, and the investors are given exposure to encryption.
Just in: Hashdex obtained approval from the Brazilian Securities and Stock Exchange Committee to launch the first XRP Spot group in the world.
Jacob King (@jacobking) February 19, 2025
Although the exact date of launch is still unclear, Hashdex confirmed that ETF is in the pre -operating stage, as Genial Investmentos is working on Financial Company as a fund official. The move comes at a time when many exporters in the United States, including Grayscale, BitWise, Wisdomtree and 21shares, are still waiting for SEC’s approval of similar investment products.
HASDEX expands ETFS display with XRP
Brazil was at the forefront of ETF encryption innovation. In 2021, the country became one of the first to agree to ETF Bitcoin, followed by ETHEREUM funds, and recently, Solana ETF in 2024. These developments show the pre -emptive approach to Brazil to regulate digital assets and their willingness to adopt financial innovation.
Silvio PegadoThe Managing Director of Ripple in Latin America stressed that the interest of XRP in the real world and institutional demand made it a natural candidate for the ETF newspaper. He also pointed out that the organizational environment in Brazil enhances innovation and can pave the way for more pioneering developments in the encryption sector.
While Brazil is moving forward with ETFS XRP, organizational obstacles remain in the United States, SEC has not yet agreed to Spot XRP ETF despite multiple deposits. The agency recently admitted at the request of Coinshares, but approvals for similar proposals from Grayscale, 21shares and Bitwise are still hanging.
With recent moves in the American political scene and increased institutional interest in digital asset investments, analysts expect that the green light is ultimately the XRP ETFS in the United States can significantly affect the broader market.
