Brazil’s securities regulator, CVM, has approved the first spot XRP ETF, the HASHDEX NASDAQ XRP FUNDO DE ÍNDICE, currently in its pre-operational phase. Analysts predict these ETFs could attract billions in investment by offering regulated exposure to XRP. Brazil’s ETF is a big milestone, but the launch of a spot XRP ETF in the U.S. is expected to have a far greater market impact. *Bloomberg analysts estimate a 65% chance of XRP ETF approval in the U.S. Comment your thoughts on XRP ETF approvals and your predictions for XRP price in 2025. Source: Coindesk
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