menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Ripple News

>

Brazil Lau...
source image

Bitcoinist

1M

read

360

img
dot

Image Credit: Bitcoinist

Brazil Launches 1st Ever Spot XRP ETF — Is A US Approval Coming?

  • Brazil has launched the first-ever XRP spot ETF on the B3 stock exchange.
  • The XRP ETF, managed by Hashdex, tracks XRP's price using the Nasdaq XRP Reference Price Index.
  • The ETF has been approved by Brazil's Securities and Exchange Commission and has a fund structure that includes a 0.8% annual management cost.
  • Despite Brazil's launch, the United States does not have an XRP ETF, although several asset managers have filed for XRP spot ETF approval.

Read Full Article

like

21 Likes

For uninterrupted reading, download the app