Hashdex receives approval to launch XRP spot ETF in Brazil

Hashdex would have received regulatory Greenlight to launch what would be the first fund negotiated in exchange for XRP spots in the world.

According to the platform of new crypto Bitcoin portalThe Securities and Exchange Commission of Brazil approved the Hashdex Nasdaq XRP Fund index for registration in Brazil. The CVM approved the XRP (Xrp) ETF Spot for the list on stock market B3, indicates the report.

However, the exact date of the list is not clear. Currently, the ETF is “the preoperational phase”, with great investments as a fund administrator.

Hashdex, including the crypto index andf received a sign of the head From the American Securities and Exchange committee on December 19, 2024, asked the XRP Spot ETF in Brazil on December 10.

The approval of an XRP ETF in Brazil is involved while several issuers in the United States are waiting for potential heads of the dry. These include the proposals of Grayscale, Wisdomtree, Rex-Osprey, Canary Capital and 21Shares. SEC recently recognized the CBOE ranking for the ETF XRP at BIT.

Although these proposals await the final approval of the SEC, the Hashdex XRP ETF could soon be posted on the B3 Stock Exchange.

According to Silvio Pegado, Managing Director of Ripple in Latin America, it is time for the first ETF XRP to hit the market. The Ripple executive underlined the real usefulness of cryptocurrency and the increase in demand between institutional investors as key factors.

The XRP price oscillated around $ 2.65 at the time of writing 5% in the last 24 hours while the market reacted to the news. Altcoin was the best winner among the 10 largest cryptocurrencies by market capitalization at the time, with weekly gains at 10%.