Brazil Approves World’s First Spot XRP ETF
Flash
February 20, 2025 10:11 AM
In Brief:
Brazil’s financial regulator has approved the first-ever spot XRP ETF under Hashdex Nasdaq XRP Index Fund.
The ETF will soon be listed on the B3 exchange, with a launch date yet to be announced.
Brazil is set to make history as the first country to launch a spot XRP ETF, marking a significant milestone for institutional crypto adoption. The Hashdex Nasdaq XRP Index Fund has received regulatory approval and will soon begin trading on the B3 exchange, one of Latin America's largest stock markets.
The move comes amid a growing push for XRP ETFs worldwide, with major firms such as Bitwise, 21Shares, CoinShares, and Grayscale filing for similar products. JPMorgan analysts estimate that XRP ETFs could attract between $3 billion to $6 billion in investments, further legitimizing XRP as an investable asset.
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