Brazil has made history as the first country to approve a Spot XRP Traded (ETF) background, indicating its growing influence on the cryptographic market.
The background, administered by HASHDEX, will soon be available in the B3 Stock Exchange, with excellent investigation administration.
ETF XRP approved in Brazil
According to him report By portal do Bitcoin, the new ETF XRP was approved by the Brazilian Commission of Securities and Values ​​(CVM) and was officially established in December 2024. It is currently in its early stages. While an official launch date is still unknown, HASHDEX has assured investors that commercial details will be announced soon.
The approval highlights a growing institutional interest in XRP and strengthens Brazil’s position in the adoption of digital assets.
The country has already solidified its position as a key player in increasing the cryptocurrencies of Latin America. He has also witnessed significant growth in terms of institutional investment. Between 2023 and early 2024, transactions of more than $ 1 million grew by almost 48.4% amid a greater interest of the main financial entities.
As reported above, the country is located just behind Argentina in the total value of the cryptocurrency received, which reached approximately $ 90.3 billion between July 2023 and June 2024. The adoption of Stablecoin is also strong, and Brazil represents the 59.8% of the volume of transactions in the region during the same period.
ETF XRP in the United States
The last development seems to be a natural progression for the country, given its history of supporting Bitcoin ETFs and a favorable regulatory system. This approval also coincides with an increase in SPOT XRP ETF applications in the United States, where the Bolsa and Securities Commission (SEC) is currently reviewing proposals from companies such as 21Shares, Bitwise, Grayscale and Coinshares.
According to fresh Perspectives From Polymarket, there is a probability of 80% that the SC approves an ETF XRP in 2025, which reflects great confidence among the traigators. This projection is remarkably higher than the probability of 65% assigned by Bloomberg Eric Balchunas and James Seyffart analysts.
Beyond XRP, the vigilant of securities in the US.
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