Brazil has given the green light for the world's first spot XRP ETF, after Hashdex received approval from the nation's securities regulator.
The Hashdex Nasdaq XRP Index Fund is expected to be listed on Brazil's B3 exchange, attracting institutional and retail interest.
Other countries, including the United States, are also considering spot XRP ETFs, indicating a shift in regulatory attitudes toward cryptocurrencies.
Despite the news, XRP's price performance remains relatively bearish, experiencing a slight increase but still down in the last month and from its all-time high.