Excitement over alternative coin ETFs in 2025 is on the rise, as Brazil takes a significant step by giving approval to its first-ever XRP exchange-traded fund (ETF).
XRP ETF Authorization in Brazil
Providing context, Brazil’s securities regulator, the Comissão de Valores Mobiliários, has granted authorization to the Hashdex Nasdaq XRP Index Fund.
At the same time, XRP is trading at $2.70 after experiencing a 6.04% increase in the last 24 hours, as reported by CoinMarketCap.
While the official commencement date for trading on Brazil’s B3 exchange is yet to be announced, fund manager Hashdex has assured that more information will be shared soon.
How will the XRP ETF benefit the Brazilian market?
With a population of over 200 million inhabitants, Brazil stands to attract more institutional and retail investment in cryptocurrency by endorsing the XRP ETF.
This is because the ETF streamlines investment processes by offering a regulated platform, eliminating the necessity for private wallets and direct asset ownership.
Consequently, this decision will enhance XRP adoption and liquidity within Brazil while also expanding its impact on the global financial arena.
What is the current stance of the U.S. concerning the approval of an XRP ETF?
Interestingly, this news emerges as the U.S. SEC acknowledges numerous XRP ETF filings from exchanges such as Nasdaq and Cboe BZX.
Data from Polymarket additionally suggests an 80% likelihood of a Ripple ETF receiving approval in the U.S. by 2025.
It is worth noting that this upsurge in ETF activities aligns with Braza Group’s efforts to introduce a stablecoin tied to the Brazilian real on the XRP Ledger.
In a statement on February 19th, Marcelo Sacomori, CEO of Braza Group, expressed,
“Our commitment is to offer a stablecoin that not only meets but surpasses the highest security and compliance standards.”
Braza Group is also involved in DREX, an initiative led by the central bank that aims to promote asset tokenization, facilitate cross-border payments, and explore potential CBDC opportunities.
Through the endorsement of XRP and the promotion of tokenization, Brazil underscores its dedication to digital assets, thus enabling the development of more institutional crypto-based products.