XRP saw a 7.5% price increase on Feb. 20, 2025, hitting $2.71, following key developments regarding its potential for institutional investment.

The fund is in a pre-operational pphase after being set up late last year. There's no official date as to when it'll start trading.

The anticipation surrounding altcoin ETFs in 2025 continues to build, with Brazil making a significant move by approving its first spot XRP exchange-traded fund (ETF). For context, the Comissão de Valores Mobiliários, Brazil’s securities regulator, has given the green light to the Hashdex Nasdaq XRP Index Fund.

Brazil’s CVM has approved the first-ever spot XRP ETF, launched by Hashdex, marking a major development in crypto investment.

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The launch of the world’s first-ever XRP spot ETF has been officially approved, and the credit goes to Brazil. Today, the Brazil Securities Commission (CVM) officially greenlit the launch of Hashdex’s XRP spot ETF.