TechFlow news, February 19 — According to Portal do Bitcoin, the Brazilian Securities Commission (CVM) has approved Hashdex to launch the world's first XRP-based spot ETF in Brazil.
The fund, named HASHDEX NASDAQ XRP FUNDO DE ÍNDICE, is currently managed by Genial Investimentos and is in the pre-operational phase. Silvio Pegado, Ripple's Managing Director for Latin America, stated that XRP is a natural choice for an ETF due to its utility, growing institutional demand, and market capitalization size.




