According to reports by Wu, Hashdex has received approval from the Brazilian Securities and Exchange Commission (CVM) to launch the XRP spot ETF in Brazil. This could be the world's first XRP spot ETF.
According to information from the CVM website, the HASHDEX NASDAQ XRP Index Fund was established on December 10 of last year and is currently in the pre-operational phase. Hashdex confirmed to Portal do Bitcoin that the XRP ETF has received CVM approval.
Hashdex indicates that the specific date for the product's listing on the B3 stock exchange in Brazil has not yet been determined, but will "soon announce more information about the start of trading."
