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Hashdex has been approved to launch the world's first XRP spot ETF in Brazil.

BlockBeats News, February 20th, according to Coindesk, the Brazilian Securities and Exchange Commission (CVM) has approved Hashdex to launch the world's first XRP-based spot ETF in Brazil — HASHDEX NASDAQ XRP FUNDO DE ÍNDICE. Currently, the ETF is in the pre-operational phase, managed by Genial Investimentos, and the official listing date has not been announced yet.

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Meme Coins in the XRP Ecosystem are attracting inflows of funds, with high volatility bringing both opportunities and risks. This speculative frenzy may indeed propel XRP's rise.
The promoters have liquidated the trust's XRP and the trust will terminate upon distribution of net cash proceeds.
The Bitwise 10 Crypto Index Fund will liquidate its XRP holdings.
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