Brazil leads global crypto adoption with XRP ETF approval.
Brazil Makes History with XRP ETF
Brazil’s Securities and Exchange Commission (CVM) has approved the world’s first spot XRP exchange-traded fund (ETF), a groundbreaking move that reinforces the country’s progressive stance on cryptocurrency regulation. Introduced by asset manager Hashdex, the ETF allows investors to gain direct exposure to XRP through Brazil’s B3 stock exchange, further integrating digital assets into traditional financial markets.
Hashdex XRP ETF and Market Implications
Officially named the Hashdex Nasdaq XRP Index Fund, the ETF was established on February 18, 2025, and is currently in its pre-operational phase. Brazilian brokerage firm Genial Investimentos has been appointed as the fund’s administrator. While Hashdex confirmed the approval, details regarding its official launch and trading mechanics remain undisclosed. Industry analysts view this as a major step toward mainstream crypto adoption, particularly given XRP’s $151 billion market capitalization, making it the third-largest cryptocurrency behind Bitcoin and Ethereum.
Ripple Executive Highlights Growing Demand
Silvio Pegado, Ripple’s Latin America Managing Director, emphasized the significance of this approval, stating, “XRP is a natural fit for an ETF due to its real-world use cases, rising institutional demand, and strong market presence.” He also highlighted Brazil’s role in pioneering crypto regulation, adding:
“Following the approval of one of the first Bitcoin ETFs in 2021, the launch of an XRP ETF further underscores the country’s progressive regulatory stance and commitment to fostering a dynamic crypto market.”
Global Crypto ETF Expansion and SEC Developments
Brazil’s leadership in crypto adoption has spurred increased interest in XRP ETFs, with firms such as Cboe BZX, Rex-Osprey, 21Shares, and Grayscale filing for similar products. Meanwhile, the U.S. Securities and Exchange Commission (SEC) recently acknowledged filings from Grayscale and 21Shares for spot XRP and Dogecoin ETFs. Bloomberg analysts estimate a 65% chance of XRP ETF approvals in the U.S. by late 2025, though regulatory uncertainty persists due to the SEC’s ongoing lawsuit against Ripple. A prior court ruling in August 2023 determined that XRP was not a security when sold on secondary markets, but the SEC continues to challenge this decision.
Institutional Adoption and Market Impact
With growing optimism surrounding crypto ETFs, JPMorgan analysts predict that U.S.-approved XRP ETFs could attract $3–$6 billion in investments, further legitimizing XRP within mainstream finance. As the SEC evaluates filings, Brazil’s pioneering approach may set a global precedent, potentially encouraging further institutional adoption and expanding access to XRP investment products worldwide.
Disclaimer:
The information provided on 13Desk is for informational purposes only and should not be considered financial advice. We strongly recommend conducting your own research and consulting with a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies carries risks, and you should only invest what you can afford to lose. 13Desk is not responsible for any financial losses incurred from your investment activities.
