Launch of the world's first spot exchange-traded fund based on XRP officially approved, and the credit for this goes to Brazil.
Brazil's Securities Commission has officially approved the launch of a spot XRP - ETF from asset manager Hashdex.
And although the exact date of the listing ETF on the basis of XRP on the Brazilian stock exchange B3 has not yet been announced, Hashdex representatives assured in their official statement that more detailed information will be published “soon.”
According to the CEO Ripple in Latin America Silvio Pegado, XRP — an ideal candidate for a spot ETF due to its real-world utility, growing institutional demand, and the SEC's defeat in an infamous lawsuit.
In the US spot XRP - ETF are still under review by regulators. Several funds are currently awaiting approval from the Commission, including XRP - ETF from Rex-Osprey, Canary and 21Shares.
Last day XRP has risen more than 6%. Now the third largest by market capitalization Altcoyin is trading at $2,67. Over the past seven days kriptovalyuta increased by 8,6%.
