Ah, Brazil! The land of samba, sunshine, and now, a *world-first* Spot XRP Exchange-Traded Fund (ETF)! Who would’ve thought? The infamous Hashdex, a player in the crypto ETF scene, just got its Nasdaq XRP Index Fund approved by Brazil’s Commission of Values and Securities (CVM) on February 19th. With this shiny green light, we’re now looking at XRP trading on the B3 exchange in Brazil. A new chapter for the crypto world, indeed!
But don’t get too excited just yet, folks. Hashdex is still keeping us all in suspense with no official launch date. They’ve already launched other crypto ETFs—Bitcoin, Ethereum, Solana, and even ones for DeFi and the metaverse. Apparently, they enjoy keeping their crypto lovers on edge. 🎢
And here’s a spicy tidbit: just before Brazil’s approval, the U.S. SEC decided to let Nasdaq and Cboe BZX throw in their spot XRP ETF applications, courtesy of CoinShares, Canary Capital, and WisdomTree. *Surprise, surprise*—the timing could not have been more perfect. 💡
So, what’s the immediate fallout? Well, XRP prices saw a delightful 8% jump, reaching $2.72. However, before we start popping champagne, remember they’re still 20% under their all-time high. Good news, bad news, you decide. 🥂
Now, hold onto your seats! In even more crypto news, the mighty Braza Group, Brazil’s interbank leader, just launched a Brazilian real-pegged stablecoin, BBRL, on Ripple‘s XRP Ledger. For those who have never heard of Braza Bank (where have you been?), they’re the big kahuna behind BBRL, which will initially serve institutions and, eventually, retail consumers by early 2025. CEO Marcelo Sacomori’s aiming for 30% market share by year’s end. Bold! 💰
And here’s the cherry on top: the Brazilian government, feeling frisky with all this crypto action, is diving into blockchain tech and asset tokenization, not to mention eyeing a central bank digital currency (CBDC). Looks like Brazil is taking this whole crypto thing a little too seriously now! 🏦
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2025-02-20 11:03