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Brazil Leads Crypto Innovation with Bitcoin and Tether: Unveiling the First XRP ETF

by aria-crypto.com

February 23, 2025 at 12:41

Brazil Leads Crypto Innovation with Bitcoin and Tether: Unveiling the First XRP ETF

Brazil has officially approved the world's first XRP exchange-traded fund (ETF), marking a significant milestone in its cryptocurrency market development. This greenlight from the country's Securities and Exchange Commission allows institutions an easier method to invest in Ripple's XRP without the complexities of self-custody. Managed by Hashdex and Genial Investimentos, the Hashdex Nasdaq XRP Index Fund is currently in pre-operational phases, signifying Brazil's pioneering approach to embracing crypto innovations for both institutional and individual investors. In another notable development, Tether is set to acquire a majority stake in Adecoagro, aiming to diversify its investments into strategic sectors. This move involves Tether purchasing 51% of the agricultural giant for $385 million, a 27% premium over market value, indicating a serious commitment to expanding beyond traditional crypto spaces into areas like biotech and energy. Together, these developments highlight Brazil's dynamic role in shaping the global landscape of cryptocurrency and blockchain technology.

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