Hashdex Launches World’s First Spot XRP ETF in Brazil
The post Hashdex Launches World’s First Spot XRP ETF in Brazil appeared on BitcoinEthereumNews.com. Hashdex launches the world’s first spot XRP ETF in Brazil. XRPH11 offers secure XRP investment on B3 exchange. Hashdex, in partnership with Genial Investimentos, has made history by launching the world’s first spot XRP exchange-traded fund (ETF) on April 25. The new ETF is listed under the ticker symbol XRPH11 on Brazil’s B3 stock exchange. It is designed to track the Nasdaq XRP Reference Price Index. In addition, this fund invests at least 95% of its net assets into XRP, which ranks among the world’s leading cryptocurrencies. Hashdex Expands Global Reach with New XRP ETF on B3 Exchange Importantly, the Brazilian stock market reached a new important achievement with this recent launch. The new platform XRPH11 enables authorized investors to buy XRP through a regulated and secure system. XRP provides users with quick and inexpensive global payment functions. The ETF possesses the potential to draw numerous investors who wish to invest in digital assets. In February, the Brazilian Securities and Exchange Commission (CVM) gave its approval for Hashdex to launch what stands as the world’s first XRP spot ETF. The regulatory approval opened doors for the industrial product to be launched. Hashdex released its ETF, although B3 failed to announce the date of the product’s listing upon its initial approval by CVM. Meanwhile, Hashdex continues to grow its business operations across international markets. In mid-March, Hashdex submitted an application to the U.S. Securities and Exchange Commission (SEC) for expanding its cryptocurrency index ETF. The company plans to add XRP along with Cardano (ADA), alternative coins to its investment pool. This move is due to the increasing demand for investment choices that include different cryptocurrencies. The company has also developed multiple investment approaches to give investors access to XRP. The company utilizes various methods to invest in XRP, such as possession…
The post Hashdex Launches World’s First Spot XRP ETF in Brazil appeared on BitcoinEthereumNews.com.
Hashdex launches the world’s first spot XRP ETF in Brazil. XRPH11 offers secure XRP investment on B3 exchange. Hashdex, in partnership with Genial Investimentos, has made history by launching the world’s first spot XRP exchange-traded fund (ETF) on April 25. The new ETF is listed under the ticker symbol XRPH11 on Brazil’s B3 stock exchange. It is designed to track the Nasdaq XRP Reference Price Index. In addition, this fund invests at least 95% of its net assets into XRP, which ranks among the world’s leading cryptocurrencies. Hashdex Expands Global Reach with New XRP ETF on B3 Exchange Importantly, the Brazilian stock market reached a new important achievement with this recent launch. The new platform XRPH11 enables authorized investors to buy XRP through a regulated and secure system. XRP provides users with quick and inexpensive global payment functions. The ETF possesses the potential to draw numerous investors who wish to invest in digital assets. In February, the Brazilian Securities and Exchange Commission (CVM) gave its approval for Hashdex to launch what stands as the world’s first XRP spot ETF. The regulatory approval opened doors for the industrial product to be launched. Hashdex released its ETF, although B3 failed to announce the date of the product’s listing upon its initial approval by CVM. Meanwhile, Hashdex continues to grow its business operations across international markets. In mid-March, Hashdex submitted an application to the U.S. Securities and Exchange Commission (SEC) for expanding its cryptocurrency index ETF. The company plans to add XRP along with Cardano (ADA), alternative coins to its investment pool. This move is due to the increasing demand for investment choices that include different cryptocurrencies. The company has also developed multiple investment approaches to give investors access to XRP. The company utilizes various methods to invest in XRP, such as possession…
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