In a landmark decision, Brazil has become the first country to approve a spot XRP exchange-traded fund (ETF). This groundbreaking move was announced by the Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator, on February 18, 2025. The ETF, named the Hashdex Nasdaq XRP Index Fund, will be listed on Brazil’s B3 stock exchange, paving the way for a new chapter in cryptocurrency investment.
Why XRP?
XRP has been selected for this ETF due to its unique characteristics:
Real-World Utility: XRP is designed for cross-border payments and has gained traction among financial institutions.
Market Capitalization: As one of the top three cryptocurrencies by market cap, XRP has significant liquidity and investor interest.
Institutional Interest: The growing acceptance of cryptocurrencies among institutional investors makes XRP an attractive option for an ETF
Read More : https://onthenode.com/news/brazil-launches-the-worlds-first-spot-xrp-etf-a-new-era-for-cryptocurrency-investment
Why XRP?
XRP has been selected for this ETF due to its unique characteristics:
Real-World Utility: XRP is designed for cross-border payments and has gained traction among financial institutions.
Market Capitalization: As one of the top three cryptocurrencies by market cap, XRP has significant liquidity and investor interest.
Institutional Interest: The growing acceptance of cryptocurrencies among institutional investors makes XRP an attractive option for an ETF
Read More : https://onthenode.com/news/brazil-launches-the-worlds-first-spot-xrp-etf-a-new-era-for-cryptocurrency-investment
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