News View Non-AMP

XRP News: Brazil Approves World’s First Spot XRP ETF, Leaving U.S. Behind

Published by
Mustafa Mulla

Brazil has just made history, becoming the first country to approve a spot XRP exchange-traded fund (ETF) – beating the U.S. and other major markets to the finish line. The country’s Securities and Exchange Commission (CVM) has given Hashdex the green light for its XRP ETF, marking a huge milestone for crypto adoption. With this approval, investors in Brazil will soon have a regulated way to gain direct exposure to XRP.

Could Brazil’s bold move push other regulators, especially in the U.S., to act faster? Let’s dive into the details.

XRP ETF Finally Gets Approval

Brazil’s CVM has officially approved the Hashdex Nasdaq XRP Index Fund, making it the first spot XRP ETF with regulatory backing. This decision positions Brazil as a leader in crypto investment at a time when other markets are still hesitant.

However, the fund—established on December 10, 2024—is still in its pre-operational phase. It is awaiting final clearance from the B3 stock exchange before trading begins. Hashdex has yet to announce an official listing date.

Brazil Gains an Edge as Demand for Crypto ETFs Grows

This approval is a big milestone, as global interest in crypto ETFs continues to rise. Investors are looking for secure and regulated ways to gain exposure to digital assets, and Brazil’s quick approval gives it an advantage over countries still working through regulatory uncertainties.

Meanwhile, in the U.S., major firms such as Bitwise, 21Shares, CoinShares, and Grayscale have applied for spot XRP ETFs. However, the U.S. Securities and Exchange Commission (SEC) has yet to approve any of them.

Will the U.S. Follow? Analysts Weigh In

Bloomberg ETF analysts James Seyffart and Eric Balchunas estimate a 65% chance of U.S. approval for a spot XRP ETF. However, they believe the SEC may delay any decision until its legal battle with Ripple is resolved.

XRP Price Impact

After Brazil’s approval, XRP’s price jumped 7% in 24 hours, reaching around $2.67. This surge made XRP the best-performing asset among the top ten cryptocurrencies, with a 10% gain over the past week.

However, Coinglass data shows that XRP saw $8.2 million in futures liquidations during this period. Short traders were hit the hardest, losing $5.69 million, while long traders faced $2.31 million in liquidations.

Key technical indicators—including the Relative Strength Index (RSI), Stochastic Oscillator (Stoch), and Moving Average Convergence Divergence (MACD)—suggest strong buying momentum, indicating that XRP may see further gains.

USA – It’s your turn now!

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

3 Best Cryptos Under $0.01 Ready to Explode in 2025 and Turn $100 Into $10,000

Historical crypto charts indicate that small coins, costing less than a penny, often experience explosive…

July 25, 2025

Ruvi AI’s (RUVI) Audited Token Could Rival Ripple (XRP) This Cycle, With New CoinMarketCap Listing It Won’t Stay in Phase 2 Long

The cryptocurrency world is buzzing with excitement as Ruvi AI (RUVI) gains momentum as a…

July 25, 2025

BitLemons ($BLEM) Poised for Growth as BTC Tests $118K Resistance and ETH Surges Past $3,700 – Is This the Breakout Moment Investors Have Been Waiting For?

The cryptocurrency market is experiencing a pivotal moment as institutional money floods into digital assets…

July 25, 2025

Bitcoin Price Prediction: Bullish And Bearish Scenarios Explained

Bitcoin is currently in a quiet phase. The price has been moving sideways without any…

July 25, 2025

The Smarter Web Company Expands Bitcoin Holdings to 1,825 BTC

The Smarter Web Company PLC, a publicly listed firm in the UK, has just added…

July 25, 2025

Ripple News: Here’s Why XRP ETF Hype Could Be a Short-Lived Win

ETF analyst James Seyffart from Bloomberg recently explored an interesting hypothetical scenario. What if spot…

July 25, 2025