World’s first XRP spot ETF to debut on Brazil’s leading stock exchange

Key Takeaways Hashdex received approval to launch the first XRP ETF in Brazil. XRP ranks as the third-largest digital asset by market cap. Share this article Brazil’s Securities and Exchange Commission (CVM) has approved the world’s first exchange-traded fund that directly holds XRP, Ripple’s native coin, from Hashdex, as shown in the database of the CVM and first reported by Portal do Bitcoin. The newly approved ETF, called “the Hashdex NASDAQ XRP Index Fund,” is expected to launch on Brazil’s main stock exchange B3. The fund’s official launch date and…

CoinShares Litecoin ETF moves forward as SEC begins formal review

Key Takeaways The SEC has started reviewing CoinShares’ application for a Litecoin ETF. The ETF aims to provide regulated exposure to Litecoin through Nasdaq’s platform. Share this article The SEC began its formal review of CoinShares’ Litecoin ETF application, following Nasdaq’s filing today. The proposed ETF, structured as a Delaware Statutory Trust, aims to track Litecoin’s performance via the Compass Crypto Reference Index Litecoin – 4pm NY Time, minus fees and expenses. The trust would exclusively hold Litecoin and cash, with shares representing fractional undivided beneficial interests. Authorized Participants could…