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In a recent development, Hashdex has received approval from the Brazilian Securities and Exchange Commission to launch the world’s first XRP spot ETF.
The HASHDEX NASDAQ XRP INDEX FUND is in its pre-launch phase, marking an important milestone for both the cryptocurrency market and Brazil’s financial sector, according to Portal do Bitcoin.
The listing date on the Brazilian stock exchange B3 is yet to be announced. The fund will be administered by Genial Investimentos, though further details are yet to be disclosed.