Brazil’s Securities and Exchange Commission (CVM) has approved the world’s first exchange-traded fund (ETF) that directly holds XRP.
According to Portal do Bitcoin, the Hashdex NASDAQ XRP Index Fund, to be managed by Hashdex, is scheduled for listing on Brazil’s main stock exchange, B3.
While the specific trading date is yet to be announced, Hashdex has assured that details will be forthcoming. The CVM’s records show that the fund was established on December 10, 2024, with Genial Investimentos serving as its administrator.
Silvio Pegado, Ripple’s Managing Director in Latin America, described XRP as a “natural choice for an ETF due to its real-world utility, increasing institutional demand, and its overall market capitalization.”
