Brazil Launches World’s First XRP Spot ETF on B3 Exchange 🇧🇷
Brazil has marked a significant milestone in the cryptocurrency space by launching the world's first exchange-traded fund (ETF) focused on tracking the spot price of XRP. The major Brazilian stock exchange, B3, began trading these funds on April 25. According to a press release by Valor Economico, Hashdex is the manager of the newly introduced ETF, named Hashdex Nasdaq XRP Fundo. This introduction reflects Brazil's growing embrace of cryptocurrencies and innovative financial instruments.
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