While XRP sees positive developments, XYZVerse (XYZ) stands out as a pioneering sports memecoin uniting fans and targeting 20,000% growth with a community-driven ecosystem.

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

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.

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.

Brazil’s securities regulator has approved the country’s first spot XRP exchange-traded fund, which comes as the asset rose 8% over the past 24 hours. The Hashdex Nasdaq XRP Index Fund has been green-lit for trading in Brazil after being approved by the country’s securities regulator,

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.