Brazil Launches World’s First XRP Spot ETF on B3 Exchange

Brazil has taken a groundbreaking step by becoming the first country to launch a spot XRP exchange-traded fund (ETF). This new offering, launched on April 25th via the B3 stock exchange, was approved by the Brazilian Securities and Exchange Commission (CVM) in February 2025. The ETF, managed by Hashdex, tracks the real-time price of XRP through the NQRP index. The fund’s assets will primarily consist of XRP and related crypto assets and securities.