February 22, 2025
Brazil Set to Launch World's First Spot Xrp etf thumbnail
Business

Brazil Set to Launch World’s First Spot Xrp etf

The Hashdex Nasdaq XRP Fund Is Currently in A Pre-Reperatorial Phase, But Does Not Yet Have An Official Start Date.”, – WRITE: www.coindesk.com

Brazil Set to Launch World’s First Spot Xrp etfThe Hashdex Nasdaq XRP Fund Is Currently in A Pre-Reperatorial Phase, But Does Not Yet Have An Official Start Date.Updated Feb 19, 2025, 4:25 PM UTCPUBLISHED FEB 19, 2025, 4:16 PM UTC

The World’s First Spot Xrp Exchange-Traded Fund (ETF) is set to Soon Debut in Brazil After Being Approved by the Country’s Securities Regulator, The Comicular De Valores Mobilios.

The Regulator’s Website Shows that Fund, The Hashdex Nasdaq Xrp Fundo de índice, is Currently in a Pre-Reperatorial Phase After Being Set Up on Dec. 10, 2024. The Fund’s Administrator is Genial Investmentos, A Local Investment Brokerage FIRM.

The Fund Manager Hashed Has ConfirMed to Local News Outlet Portal Do Bitcoin That Fund The Fund Has Been Approved by the CVM. While It Doesn’T have an office to starting on Brazil’s B3 Exchange, Hashed Said IT Soon Release More Information.

In the US, the Securities and Exchange Commission have Receiven Numeros Numeros Spot Xrp ETF Applications from Majoor Asset Managers, Including Coinshares, Bitwise, 21shares and GrayScales.

The Launch of Tese Funds, WHICH ALLOW INVESTORS TO GAIN REGULATED EXPOSURE TO The UNDERLYING Asset Without Going Through Crypto Exchanges or Dealing Wits Tows JPMorgan Analysts.

The Impact of A Spot Xrp etf in Brazil is Likely to have Will Likely Be Dwarfed by The Launch of A Similar Fund in the Us.

Coindesk Reached Out to Hashdex But Hasn’s Back by Press Time.

Francisco RodriguesFrancisco is a reporter for coindesk with a passion for Cryptocurrencies and Personal Finance. Before joining coindesk he worked at Major Financial and Crypto Publications. He OWNS BITCOIN, Ether, Solana, and Paxg Above Coindesk’s $ 1,000 Disclosure Thrasld.

Francisco Rodrigues

Related posts

SEC Backs Off Crypto Dealer Fight, Continues Resetting Industry Approach

unian ua

Cz Suggests Bybit Halt withdrawals, Offers HELP WITH $ 1.5B HACK

unian ua

Former Tether Director founded a new steiblcoin prosect

unian ua

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More