News 
February 20, 2025 
3 min. 
Brazil has taken a major step in cryptocurrency adoption by approving the world’s first spot XRP exchange-traded fund (ETF). The approval, granted by Brazil’s Securities and Exchange Commission (CVM), allows investors to gain exposure to XRP in a regulated manner without needing to hold the cryptocurrency directly. This decision has sparked excitement in the crypto market, leading to a 6% price increase for XRP.
Brazil’s Bold Move in Crypto Regulation
The Hashdex NASDAQ XRP Fund ETF which has recently been approved is managed by Genial Investimentos in conjunction with Hashdex, and is currently in the preoperational stage which means the official launch date is yet to be revealed. Once operational, the fund will be listed on Brazil’s B3 exchange, giving access to investors both domestic and abroad.
With this approval, Brazil has setup itself as one of the leaders when it comes to stances on cryptocurrency. This move is clearly shows that the country wants to innovate on crypto since it is offering some type of regulated investment opportunity for XRP. As stated by Silvio Pegado, who is Ripple’s Managing Director for Latin America, this action illustrates how Brazil is trying to promote digital technological adoption and improve financial inclusion with digital assets.
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Impact on the XRP Market and Future Prospects
The market has reacted positively to the approval of the spot XRP ETF, causing an immediate spike in XRP and its price rose by 6%. Analysts are confident that the ETF will draw in more institutional and retail investments which will in turn, boost the liquidity and demand of XRP.
However, similar cryptocurrency ETFs are still pending approval in the United States due to a lack of clear regulations. The SEC is working on the proposals submitted by renowned asset managers like WisdomTree and Grayscale. If successful, this will enable a spot XRP ETF in the US, which will aid in the adoption and investment of the digital asset globally.
Leading the way, Brazil does set an important precedent for other countries to fast-track the acceptance of cryptocurrency ETFs. As the regulatory framework shifts towards increased scrutiny, there’s a chance that XRP’s international prospects can be boosted enabling investors to cash in on new possibilities.
