Key Highlights:
• Brazil’s Securities Commission (CVM) has approved Hashdex’s XRP spot ETF, making it the first of its kind globally.
• XRP ETFs in the U.S. remain under regulatory review, giving Brazil the first-mover advantage in institutional adoption.
Ladies and Gentlemen of ParadiseClub! Brazil has just done what the U.S. regulators are still twiddling their thumbs over officially approving the world’s first XRP spot ETF.
The Brazil Securities Commission (CVM) has given the green light to Hashdex’s XRP ETF, setting the stage for institutional investors to get direct exposure to XRP through a regulated financial product. While the listing date on Brazil’s B3 stock exchange is yet to be announced, Hashdex promises more details soon.
Silvio Pegado, Ripple’s General Manager for Latin America, wasted no time in pointing out why XRP is ripe for an ETF. According to him, XRP’s real-world utility, rising institutional demand, and its legal victory over the SEC make it an ideal candidate for structured investment vehicles. And Brazil clearly agrees.
Meanwhile, across the equator, the U.S. is still stuck in regulatory quicksand. XRP ETF proposals such as the Rex-Osprey XRP ETF, Canary XRP ETF, and 21Shares Core XRP Trust are gathering dust on the SEC’s desk, waiting for approval. With this move, Brazil has leapfrogged the U.S. in bringing XRP to institutional investors—a significant moment in the crypto market’s evolution.
Hashdex’s XRP ETF, named the HASHDEX NASDAQ XRP INDEX FUND, is currently in its pre-launch phase, marking another milestone for Brazil’s financial sector. While mainstream traders may see this as bullish, at MCP News Private, we recognize that an ETF launch is just one piece of the puzzle. What really matters is how market liquidity will respond and whether institutional demand follows through. We saw this with the Bitcoin ETFs—initial hype, then a slow burn before real impact.
If you’re relying on mainstream news to trade this, you’re already behind. Inside MCP News Private, we break down these moves before they even hit the headlines, and in ParadiseFamilyVIP, we trade accordingly. Click below to unlock the real insights and position yourself ahead of the herd.
And don’t forget to tune into MCP Stream for real-time market analysis—because by the time the mainstream catches up, the trade is already over.
