- The Brazil Securities Commission has approved the world's first XRP spot ETF.
- The ETF will be listed on Brazil's B3 stock exchange, with the listing date to be announced later, according to a Hashdex representative.
- Ripple's Latin America General Manager evaluated that XRP is suitable for ETFs due to its utility and increasing institutional demand.
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The world's first Ripple (XRP) spot ETF is set to launch.
On the 19th (local time), Brazilian local media Portal do Bitcoin reported that "The Brazil Securities Commission (CVM) has approved Hashdex's XRP spot ETF launch," noting it as "the world's first XRP-based spot ETF." A Hashdex representative also confirmed the approval of the XRP spot ETF.
The listing date on Brazil's B3 stock exchange has not yet been announced. However, the Hashdex representative stated that "detailed information about the listing date will be disclosed soon."
Silvio Pegado, Ripple's General Manager for Latin America, evaluated that "XRP is suitable for ETFs in terms of utility, increasing institutional demand, and market capitalization," and added that "Brazil Securities Commission's approval of the first XRP spot ETF demonstrates their foresight regarding the development of digital assets."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBitPiCK News
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