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.

The price of XRP surged overnight on expectations that the world’s first spot exchange-traded fund tracking the cryptocurrency could soon begin trading in Brazil. The token is up more than 5% over the past 24 hours at $2.

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

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.

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

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

Brazil’s Securities and Exchange Commission (CVM) just approject the world's first XRP spot exchange-traded fund (ETF) product.

XRP gained 4.5% in early U.S. trading on Thursday after the Securities and Exchange Commission (SEC) acknowledged multiple spot XRP exchange-traded fund (ETF) filings. At the same time, asset manager Hashdex received regulatory approval from Brazil’s Comissão de Valores Mobiliários (CVM) – the country’s SEC-equivalent authority – to launch what could become the world's first spot XRP ETF,