

The world's first XRP spot ETF is born! Hashdex application has been approved by the Brazilian Certificate Commission
Brazil was the first to approve the world's first XRP spot ETF, and XRP prices rose!
According to the Brazilian media Portaldo Bitcoin, the Ripple (XRP) spot ETF application submitted by digital asset management company Hashdex in Brazil has been approved by the Brazilian Securities Commission (CVM), becoming the world's first approved XRP spot ETF.
Although the listing date of the ETF on the Brazil Stock Exchange (B3) has not been announced yet, the news has triggered positive reactions from the market. Silvio Pegado, managing director of Ripple Las America, said the practical application value of XRP and the growing institutional demand drive this result, and Brazil's move demonstrates its vision in cryptocurrency markets and financial innovation.
XRP price breaks through $2.7
Stimulated by this good news, XRP price rebounded strongly, breaking through US$2.7, with a 24-hour increase of 7.1%. The market value rebounded to US$156 billion, ranking third in the cryptocurrency market, second only to Bitcoin and Ethereum.
When will the US SEC approve XRP spot ETF?
Although Brazil was the first to approve the XRP spot ETF, the market is more concerned about the trends of the US Securities and Exchange Commission (SEC). Companies such as Grayscale, Bitwise, 21Shares, Canary Capital have submitted XRP spot ETF applications to the SEC. The SEC has officially accepted Grayscale and the 19b-4 application documents submitted by Arca on the New York Stock Exchange, which indicates that the possibility of approval has increased. Brazil's approval may speed up the approval process of the United States.
Bloomberg analysts previously predicted that the XRP spot ETF is 65% likely to obtain SEC approval, mainly based on its market popularity and market capitalization scale. However, the lawsuit between Ripple and the SEC has not yet ended completely, and the market generally expects that Ripple will win the case in the end, which will further enhance market confidence, accelerate the US approval of XRP ETF, and benefit Bitwise and other applicants.
The above is the detailed content of The world's first XRP spot ETF is born! Hashdex application has been approved by the Brazilian Certificate Commission. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undress AI Tool
Undress images for free

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

ArtGPT
AI image generator for creative art from text prompts.

Stock Market GPT
AI powered investment research for smarter decisions

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

In the active crypto market, the ZKC token issued by Boundless, a second-tier platform focusing on zero-knowledge proof technology, is expected to stabilize around $0.8 before and after listing. ZKC tokens launched WhalesPro's leading TGE pre-trading OTCDEX WhalesPro recently ushered in ZKC tokens, and its inflows continue to rise, with the cumulative total transaction volume exceeding US$307,000. The current ZKC quote on the platform is $0.705, a drop of nearly 12%. However, trading volume surged by more than 734% in 24 hours to $155,971. Buyer's orders are mainly large, with bidding ranges ranging from 0.8 to

Directory What is Boundless? Vision and Positioning Target Users and Value Technology Architecture Proof Network: Off-chain Generation Aggregation and Settlement: On-chain Verification PoVW Incentives: Pay for Verified Job Development and Interoperability Integration Path Performance and Security Discussion ZKC Token Economics Supply and Inflation Utility and Value Acquisition Ecosystem Partnership and Latest Progress Recent Milestones and Market Signals Developers and Infrastructure Responds Future Roadmap Verifier Capacity and Geographic Distribution Standardization and SDK Deepening Frequently Asked Questions Key Points Boundless aims to build "verifiable computing" into a cross-chain public service:

Table of Contents What is high frequency trading How high frequency trading How high frequency trading does high frequency trading Benefits of high frequency trading HFT execution faster High turnover rate and order trading ratio High frequency trading has huge growth potential overseas High dominance Common HFT strategies How to use algorithms in high frequency trading Disadvantages of high frequency trading How to future high frequency trading The latest developments of cryptocurrency high frequency trading (2023-2025) Cryptocurrency high frequency trading (HFT) is the evolution and application of traditional financial fields strategies in the digital asset market. Below I will fully interpret its definition and fortune for you

Directory What is a stablecoin? How does stablecoins work? The decentralized support of cryptocurrencies is based on traditional assets. The classification of stablecoins is supported by algorithms. The stablecoin with fiat currency collateral assets B. The stablecoin with cryptocurrency collateral assets C. Why does the algorithmic stablecoin have stablecoins? The most well-known stablecoins at a glance. Tether (USDT) BinanceUSD (BUSD) USDCoin (USDC) DAI (DAI) Stablecoins Pros and Cons. Stablecoins Controversy and Future Controversy Points: Future Trends: Conclusion: Stablecoins and their role in the cryptocurrency world. What are the common questions about stablecoins? What is the best stablecoin?

Table of Contents As traditional financial markets recover, Bitcoin volatility has risen significantly. The Fed's interest rate cut expectation has become the focus of the market. The peak of Bitcoin bull market may be "only a few weeks left". Binance has seen a large-scale buy signal. ETFs continue to absorb newly mined BTC. Bitcoin (BTC) investors are closely following market trends as crypto assets enter the Fed's key interest rate decision window. At the beginning of this week, bulls need to break through the important resistance level of $117,000 to continue their uptrend. Global attention is focused on Wednesday's Federal Reserve meeting, and it is generally predicted that it will usher in the first rate cut in 2025. A past accurate BTC price model shows that all-time highs may be born in the next few weeks. Binance Order Book reveals signs of large buying influx over the weekend. Last week, the amount of BTC purchased by institutions through ETFs reached miners

Directory What is USDH What is HyperliquidNetwork Mission Why USDH stands out Why Hyperliquid Why Should Launch Stable Coins How many USDH Tokens USDH Do What USDH and the Technical Team Behind USDCUSDH Important News and Events Is USDH a Good Investment Is USDH a good investment FAQ Conclusion USDH is a native stablecoin for Hyperliquid, aiming to enhance the platform's ecosystem by acquiring reserve income and reducing dependence on external stablecoins such as USDC. USDH by NativeMarkets

Table of Contents 1. ARAI project overview 2. Basic information of AA tokens 3. AA token price performance 4. AA token price prediction 5. Factors affecting the price of AA tokens 6. How to trade AA tokens on Gate and participate in activities? 7. Investment risks and precautions Future Outlook Today, as the crypto market is constantly looking for new hot spots, ARAI (AA) has been a project that combines AI and Web3, and its recent performance has been eye-catching. Its token AA has increased its price by more than 40.13% in the past 24 hours, with transaction volume reaching US$53.96 million. It works with Google

Table of Contents What is the Federal Open Market Committee What does the Federal Open Market Committee do? Why is the Federal Open Market Committee important How does the Federal Open Market Committee affect cryptocurrency traders How does the FOMC affect cryptocurrency Fed interest rate changes What is the monetary policy why is the important How does the investor sentiment change FOMC policy impact scenario What happens in hawkish scenarios (more tighter policies, such as raising Fed interest rates) What happens in a dovish scenario (loose policies, such as lowering Fed interest rates) What happens in neutral situations What other key economic indicators are prepared for economic data release monitoring consensus forecast analysis historical response tracking Fed policy FOMC events