Brazil may become the first country to launch a group of XRP ETF boxes, also known as the stock exchange box, after receiving hashdex Green light From the country's securities organizer.
Hashdex Nasdaq XRP Index entered the pre -operative stage, as confirmed by the Securities and Stock Exchange Committee in Brazil (CVM).
Spot XRP ETFS in Brazil and the growing global interest
Although no specific launch date has been announced, this box is expected to be included on the Brazil B3. Approval represents a great milestone for both the Brazilian encryption market and the global XRP community.
Unlike ETFs-based ETFS, Spot XRP ETF invests in the basic basic-in this case, XRP-investors who suffer from direct exposure. This development is likely to attract institutional interest and retail trade, which may enhance the credibility of assets and assets liquidity.
This step comes in Brazil at a time when other judicial states are studying, especially the United States, similar financial products. The US Securities and Stock Exchange Committee (SEC) recently recognized a wave of SPOP XRP ETF requests from two main players such as 21shares, BitWise, GrayScale and Coinshares.
Although these deposits are still under review, its recognition indicates a shift in organizational situations towards encrypted currencies. This shift coincides with a broader change in the American organizational environment after President Donald Trump, a well -known encryption supporter.
Donald Trump says: “Executive orders have signed to preserve the United States at the forefront of artificial intelligence and end the Biden -Joe war on Bitcoin and encryption. We have completely ended that war, that war has ended!”
SEC V case. Ripple approaches its end! #xrp pic.twitter.com/seulscafwe
JackTherippler © (Ripplexrpie) February 20, 2025
Under his administration, SEC pledged clearer guidance on digital assets. The newly created encryption squad is now examining cryptocurrencies that are outside the definition of securities, providing the possibility of more clear organizational paths for projects such as XRP.
XRP price performance
Meanwhile, in the wake of the Brazil news update to agree to what might be the first spot in the world XRP ETF, asset price performance witnessed a significant increase.
Over the past day, the XRP price increased by 4.5 % in the price, which leads to the market evaluation $ 2.74, when this report is written. While this increase in the price managed to put XRP offers last week in green, it seems insufficient to completely withdraw XRP from its last calm.
Zoom, XRP still decreased by 12.6 % last month and about 19.7 % of its highest level (ATH) of $ 3.40 registered in 2018.
A distinctive image created with Dall-E, the tradingView chart
The post Brazil Gives Green Light To World’s First Spot XRP ETF—What to Expect first appeared on Investorempires.com.