The first fund quoted by the XRP (ETF) exchange of the world of the world will be debuted soon in Brazil after being approved by the country’s securities regulator, the Comissão of Mobilian Securities.
The regulator’s website shows that the fund, the hashdex Nasdaq XRP index, is currently in a preoperational phase after setting on December 10, 2024. The Fund Administrator is great investors, a local investment brokerage firm .
The Hashed Fund Administrator has confirmed the local news portal of Bitcoin that the fund has been approved by the CVM. While it does not have an official date to start operating in Brazil’s B3 exchange, Hashed said he soon discloses more information.
In the US, the stock exchange and securities commission has received numerous applications of ETF Spot XRP of the main asset administrators, including Coinshares, Bitwise, 21Shares and Grayscale.
The launch of these funds, which allow investors to obtain a regulated exposure to the underlying asset without going through cryptography exchanges or dealing with private keys, could attract billions to space according to JPMorgan analysts.
It is likely that the impact of an ETF Spot XRP in Brazil will be likely to be eclipsed by the launch of a similar background in the United States.
Coendesk contacted Hashdex, but has not received an answer at the time of publication.
