Brazil Start First Spot XRP ETF (XRPH11) for B3 Exchange, Make Global Money People Fit Enter Easy
Brazil don be di first country wey start one spot XRP ETF, dem call am Hashdex Nasdaq XRP Fundo de Índice (XRPH11), for di B3 stock exchange. Na Hashdex manage am, and Banco Genial hold di secure side. Di fund go follow di Nasdaq XRP Reference Price Index and e go start with around $40 million worth of tins. At least 95% of di money inside di fund go dey put for XRP or similar tings, becos institutions don dey show more interest. Di fee dem go dey take for management no go pass 0.7% for one year. Di Brazilian Securities and Exchange Commission don give am approval two months before dem launch am, wey make Brazil one leader for regulated crypto investment tings. Dis tin happen as US SEC still dey delay spot XRP ETF approvals, wey make pipu for all over di world look more for XRP investment options. Hashdex, wey be one big crypto fund provider for Brazil, don get dem ninth digital asset ETF now, and e show how di country ecosystem for regulated crypto funds dey grow fast. Dem expect say dis move go make pipu for all over di world get more interest for XRP, make institutional investors get more options for crypto, and fit push other places to create similar rules, wey go shape di future of crypto investment products for di world.
Bullish
Dem launch of di first spot XRP ETF (XRPH11) for Brazil don give institution investors direct way to enter XRP true one product wey dem don regulate, dis one don set example for other kontris wey wan do similar tin. Hashdex manage am for B3 exchange, and di fact say di fund put plenty money for XRP plus di Brazilian SEC don approve am, show say na big step foward for crypto to enter main market. Dis tin go fit make pipo want XRP more and make am easy to trade, especially as e get beta money to start with and di fees small. Dis move happen as US regulators dey delay similar tins, wey show say Brazil dey lead and go fit pressure other places to do di same. Since long time, anytime dem launch ETF like dis, e dey bring in money and good feeling, wey mean say XRP get good chance to grow for short and long time.