Hashdex Secures Approval To Launch First XRP ETF In Brazil

Quick Summary:

In a surprising turn of events, Brazilian Securities and Exchange Commission (CVM) approved the country’s first spot XRP exchange-traded fund (ETF).

Reportedly, the SEC authorized the XRP ETF application submitted by asset manager Hashdex, paving the way to launch the first XRP ETF in Brazil.

Following Grayscale, 21Shares, and Bitwise, the US SEC acknowledged CoinShares’s XRP ETF application.

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Article Details

Author / Journalist: Nynu V Jamal

Category: Crypto

Markets: IndiaBrazil

Topics: US Securities and Exchange Commission XRP ETF Hashdex CVM 24/7 Cryptocurrency News Altcoin News Ripple (XRP)

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-19 @ 16:11:40 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 133 words

Reading Time: 1 minutes read

Sentences: 34 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 26275501

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