Catenaa, Wednesday, April 30, 2025-Brazil last week launched the world’s first spot XRP Exchange-Traded Fund (ETF) on the B3 exchange, marking a significant milestone for the cryptocurrency market.
Announced on April 27, 2025, the ETF provides investors with direct exposure to XRP, the digital currency associated with Ripple Labs, without needing to own the asset itself.
This move is expected to pave the way for more crypto-backed ETFs globally, as it brings a new level of legitimacy and ease to the growing market. The ETF offers a regulated and secure platform for individuals and institutional investors to gain exposure to XRP’s price movements.
Brazil’s push for innovative financial products highlights its role as a leader in Latin America’s crypto space, following the recent trend of digital asset adoption in the region. The introduction of the XRP ETF signals growing institutional interest in cryptocurrency as a mainstream investment.
