The price of XRP surged overnight on expectations that the world’s first spot exchange-traded fund tracking the cryptocurrency could soon begin trading in Brazil. The token is up more than 5% over the past 24 hours at $2.

Analyst Armando Pantoja predicts an 81% chance of XRP ETF approval within the next year, arguing that it would not only drive institutional demand but also validate that XRP is not an illegal security.

Brazil approves its first spot XRP ETF, boosting institutional adoption and market interest. Braza Group launches a stablecoin on XRP Ledger and joins Brazil’s DREX blockchain initiative. The anticipation surrounding altcoin ETFs in 2025 continues to build,

Brazil’s Securities and Exchange Commission (CVM) just approject the world's first XRP spot exchange-traded fund (ETF) product.

Brazil’s CVM has approved the first-ever spot XRP ETF, launched by Hashdex, marking a major development in crypto investment.

XRP gained 4.5% in early U.S. trading on Thursday after the Securities and Exchange Commission (SEC) acknowledged multiple spot XRP exchange-traded fund (ETF) filings. At the same time, asset manager Hashdex received regulatory approval from Brazil’s Comissão de Valores Mobiliários (CVM) – the country’s SEC-equivalent authority – to launch what could become the world's first spot XRP ETF,

Brazil has approved the world’s first spot XRP ETF, issued by Hashdex with Genial Investimentos as the administrator. The move highlights Brazil’s growing institutional demand

The launch of the world’s first-ever XRP spot ETF has been officially approved, and the credit goes to Brazil. Today, the Brazil Securities Commission (CVM) officially greenlit the launch of Hashdex’s XRP spot ETF.