| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107309.0200000000 |
| ETH | $2429.4840000000 |
| BNB | $645.7591300000 |
| XRP | $2.1990280000 |
| ADA | $0.5621110000 |
| SOL | $147.1382000000 |
| DOGE | $N/A |
| DOT | $3.3606800000 |
| LTC | $86.1252000000 |
| LINK | $13.1916000000 |
Category: CRYPTO NEWS
The post Brazil Poised To Launch World’s First XRP-Based ETF, Outpacing The US ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement     The first spot XRP exchange-traded fund (ETF) is set to officially debut for trading on the Brazil stock exchange after the country’s Securities and Exchange Commission (CVM) approved Hashdex’s application. With the CVM’s green light, Brazil has beaten other global jurisdictions, including the United States, in the race to bring a spot XRP ETF to market. First-Ever XRP ETF Approved By Brazilian SEC According to the local business publication exame, the Comissão de Valores Mobiliários (CVM) approved an XRP ETF created by prominent asset manager Hashdex. The HASHDEX NASDAQ XRP FUNDO DE ÍNDICE will be operated by local investment brokerage firm, Genial Investimentos. After being established on Dec. 10, 2024, the fund is currently in the pre-operational phase, pending approval by Brazilian stock exchange B3. The official start date of the ETF’s listing on the stock exchange has not yet been determined. If the spot ETF is launched, it would legitimize XRP — the native token of Ripple’s XRP Ledger blockchain network — as a mainstream investment vehicle, giving traditional investors a seamless and regulated way to invest in the crypto without having to deal with the hassles of buying and storing the asset themselves. Advertisement   Will We See An XRP ETF In US In 2025? Following the approval of multiple U.S. spot Bitcoin and Ethereum ETFs and the return of pro-crypto Donald Trump to the White House, a handful of firms, including CoinShares, Bitwise, 21Shares, and Grayscale, have filed applications with the Securities and Exchange Commission (SEC) in the hope of securing approval. Bloomberg ETF analysts James Seyffart and Eric Balchunas have given XRP ETFs a 65% likelihood of approval, a favorable view for the investment vehicle amid soaring interest in crypto-based investment vehicles. Notably, these odds have likely increased after the SEC officially acknowledged…
2025-02-20T03:40:09+00:00