Ryan Lee, Chief Analyst at Bitget Research
Brazil’s launch of the world’s first XRP-based ETF today, ahead of the U.S., marks a pivotal moment for XRP’s institutional adoption, potentially boosting its market position by offering regulated exposure to investors and enhancing its legitimacy. This move by Brazil, facilitated by Hashdex on the B3 exchange, could pressure global regulators to expedite crypto ETF approvals, showcasing a progressive stance that contrasts with the U.S.’s ongoing SEC delays and Ripple litigation. It’s a milestone that may reshape XRP’s role in finance and influence worldwide regulatory sentiment toward cryptocurrency investment vehicles.
