The fund is in a pre-operational pphase after being set up late last year. There's no official date as to when it'll start trading.

XRP saw a 7.5% price increase on Feb. 20, 2025, hitting $2.71, following key developments regarding its potential for institutional investment.

The anticipation surrounding altcoin ETFs in 2025 continues to build, with Brazil making a significant move by approving its first spot XRP exchange-traded fund (ETF). For context, the Comissão de Valores Mobiliários, Brazil’s securities regulator, has given the green light to the Hashdex Nasdaq XRP Index Fund.

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

Brazil's financial regulator has approved the world's first spot XRP ETF, managed by Hashdex, while similar products await approval in other markets including the United States.

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Brazil's Securities and Exchange Commission (CVM) has given the green light to Hashdex to launch the world's first XRP ETF.

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.