{"id":150933,"date":"2025-02-20T13:00:23","date_gmt":"2025-02-20T11:00:23","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=150933"},"modified":"2025-02-20T12:32:22","modified_gmt":"2025-02-20T10:32:22","slug":"brazil-approves-first-spot-xrp-etf","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/brazil-approves-first-spot-xrp-etf\/","title":{"rendered":"Brazil Approves First Spot XRP ETF"},"content":{"rendered":"<p data-start=\"0\" data-end=\"375\">The Hashdex Nasdaq XRP Index Fund has <strong><a href=\"https:\/\/cvmweb.cvm.gov.br\/swb\/default.asp?sg_sistema=fundosreg\" target=\"_blank\" rel=\"nofollow\">received<\/a><\/strong> the green light from the country\u2019s securities regulator, CVM, and will soon be available for trading on the B3 exchange. While the exact launch date remains undisclosed, Hashdex has promised further details soon.<\/p>\n<p data-start=\"377\" data-end=\"697\">This milestone coincides with a surge in <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\">XRP\u2019s price<\/a><\/strong>, which climbed nearly 8% to $2.72, bringing it within 20% of its all-time high. Meanwhile, in the U.S., the SEC has acknowledged multiple spot XRP ETF applications from firms like CoinShares, Canary Capital, and WisdomTree, signaling growing institutional interest.<\/p>\n<p data-start=\"699\" data-end=\"1076\">In a separate development, Brazil\u2019s Braza Group is rolling out a real-backed stablecoin, BBRL, on the XRP Ledger. Initially available for institutional use, it is expected to expand to retail markets by late 2025.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/libra-tokens-collapse-sparks-calls-for-stronger-memecoin-regulation\/\" title=\"Libra Token&#8217;s Collapse Sparks Calls for Stronger Memecoin Regulation\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/pexels-regulations-court-vv1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Libra Token&#8217;s Collapse Sparks Calls for Stronger Memecoin Regulation<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p data-start=\"699\" data-end=\"1076\">Braza Bank, known for its foreign exchange services, will back the stablecoin, aiming to capture a significant share of Brazil\u2019s growing digital payments sector.<\/p>\n<p data-start=\"1078\" data-end=\"1384\">Beyond this, Braza is actively involved in DREX, the Brazilian central bank\u2019s blockchain initiative exploring asset tokenization and cross-border transactions. Authorities have clarified that DREX is not a CBDC but rather an infrastructure upgrade to enhance credit markets through collateralized assets.<\/p>\n<p data-start=\"1386\" data-end=\"1591\" data-is-last-node=\"\" data-is-only-node=\"\">With nearly 90% of Brazil\u2019s crypto activity tied to stablecoins, these developments reflect the country\u2019s increasing embrace of blockchain technology and its ambition to lead digital finance in the region.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brazil is making strides in the crypto sector with the approval of its first spot XRP exchange-traded fund (ETF).<\/p>\n","protected":false},"author":3,"featured_media":38342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-150933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brazil Approves First Spot XRP ETF<\/title>\n<meta name=\"description\" content=\"Brazil is making strides in the crypto sector with the approval of its first spot XRP exchange-traded fund (ETF).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/brazil-approves-first-spot-xrp-etf\/\" \/>\n<meta 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