First XRP ETF in Brazil: Hashdex receives approval for groundbreaking funds on the B3

<p> <strong> First XRP ETF in Brazil: Hashdex receives approval for groundbreaking funds on the B3 </strong> </p>
hashdex approved: First XRP ETF in Brazil on the B3
hashdex recently received the approval of the Brazilian security supervision CVM to launch the world's first XRP Spot ETF in Brazil. This fund-bound approach will use the native tokens of the Ripple Blockchain as an investment object and could represent an important turning point for the acceptance of cryptocurrencies in the traditional financial sector.
New milestone in the cryptocurrency market
in a post on X (formerly Twitter) on February 19, 2025, WU Blockchain reported the news and pointed out that the exact date for the listing of the product on the Brazilian stock exchange B3 still had to be determined. The Brazilian Fintech Magazin Portal Do Bitcoin confirmed that the CVM approved the application, which is a decisive step for the integration of cryptocurrencies into the conventional financial market.
hashdex has also announced that the ETF will soon be available in Brazil, although the exact start date is still pending. The Brazilian security company Genial Investimentos will take over the administration of the fund.
meaning for XRP and the financial sector
With a market capitalization of $ 151 billion, XRP is one of the three largest cryptocurrencies worldwide. The new ETF from Hashdex could play a key role in the further establishment of XRP in the financial sector. The view of similar products in the USA also attracts a lot of attention, since several XRP ETF applications are currently being examined by the supervisory authorities.
However, Ripple is still in a legal dispute with the US stock exchange supervision SEC due to alleged violations of the US Working Act. A court decision from 2023 said that XRP sales to retailers do not represent legal violations, but the SEC has appealed, which led to a continuation of the legal discussion.
outlook on the XRP ETF market
It will be exciting to observe how the ETF market will develop for XRP. Analysts estimate that the approval of a similar ETF in the United States could increase the total investment in XRP to up to $ 6 billion. The XRP ETF from Hashdex not only marks a new step for Brazil, but could also have far -reaching effects on the global cryptocurrency market.