Brazil Approves the First-Ever Spot XRP ETF

The ETF by Hashdex will provide regulated exposure to XRP on Brazil's B3 exchange, marking a milestone for crypto investments.

Brazil's Securities and Exchange Commission has approved the Hashdex Nasdaq XRP Index Fund, the first spot XRP ETF globally.
The ETF will allow investors to gain exposure to XRP without directly handling the cryptocurrency, with trading set to occur on Brazil's B3 stock exchange.
While the ETF is in a pre-operational phase, Hashdex has not announced a specific launch date yet.
The U.S. SEC has acknowledged multiple XRP ETF filings, including those from CoinShares, Bitwise, and Canary Capital, initiating a formal review process.
XRP's price has surged over 7% following the ETF developments, reflecting growing optimism among investors despite ongoing regulatory challenges in the U.S.