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Brazil Approves First Spot XRP ETF, Boosting Crypto Market Optimism
- Brazil approves its first spot XRP exchange-traded fund (ETF).
- The Hashdex Nasdaq XRP Index Fund will trade on Brazil's B3 stock exchange.
- The approval resulted in a significant increase in XRP prices, rising by 7.8%.
- The approval may attract more institutional adoption of XRP and influence other regulatory bodies.
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