Brazil Greenlights World’s First Spot XRP ETF

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Brazil’s Securities and Exchange Commission (CVM) has approved the world’s first exchange-traded fund that directly holds XRP, Ripple’s native cryptocurrency, managed by Hashdex. This was initially reported by Portal do Bitcoin and is confirmed in the CVM’s database.

The ETF, named the “Hashdex NASDAQ XRP Index Fund,” is set to debut on Brazil’s primary stock exchange, B3.

While the official launch date and trading specifics are yet to be announced, Hashdex has affirmed the approval and stated that trading details will be shared soon.

According to the CVM, the fund was officially established on December 10, 2024, with Genial Investimentos as its administrator.