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XRP spot ETF passed! Hashdex's application approved by the Brazilian Securities Commission, will the United States follow soon?
According to the foreign media 'Portal do Bitcoin' reported yesterday (19th), Hashdex, a digital asset management company, has obtained approval from the Brazilian Securities and Exchange Commission (CVM) for the world's first XRP Spot ETF application. However, it is worth noting that although Hashdex's XRP Spot ETF application has been approved by the Brazilian authorities, the date of its official listing on the Brazilian stock market (B3) has not been confirmed yet and further information will be announced later. Silvio Pegado, Managing Director of XRP in Latin America, commented in an interview on the approval of the application, stating that XRP has practical utility in the real world and institutional demand continues to rise, making the ETF approval a natural progression.