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Brazil Approves First $XRP ETF; Good News for Solaxy’s Solana L2 Project?

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Brazil Approves First $XRP ETF; Good News for Solaxy’s Solana L2 Project? - NewsBTC

Quick Summary:

As of writing, XRP is at $2.69 after bottoming out at $2.12 on February 3.$XRP Approval Bodes Well for Solana and Solaxy The $XRP spot ETF is only one of several crypto ETFs in Brazil.

Solana has two such funds, one offered by Brazilian asset manager QR Asset, and the other under Hashdex, which also manages the $XRP, as well as $BTC and $ETH funds.  Both $SOL ETFs were approved in August 2024.

It’s a major win for Ripple ($XRP) as Brazil’s securities regulator Comissão de Valores Mobiliários (CVM) approved the world’s first $XRP spot exchange-traded fund (ETF).

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Brazil Approves First $XRP ETF; Good News for Solaxy’s Solana L2 Project? - NewsBTC (Picture 1)Brazil Approves First $XRP ETF; Good News for Solaxy’s Solana L2 Project? - NewsBTC (Picture 2)Brazil Approves First $XRP ETF; Good News for Solaxy’s Solana L2 Project? - NewsBTC (Picture 3)

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Article Details

Author / Journalist: News BTC

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-20 @ 12:04:43 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 769 words

Reading Time: 5 minutes read

Sentences: 69 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 26292495

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 9 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 8 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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  • URL: https://chronographically.beamstart.com/news/brazil-approves-first-xrp-etf-17400531072466

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