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Brazil Gives Green Light To World’s First Spot XRP ETF—What to Expect

  • 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.

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