XRP ETF Breakthrough: Brazil Approves, Is the US Next in Line?

Brazil just fired the starting gun—XRP spot ETFs are now live. While Wall Street drags its feet on crypto approvals, Latin America’s largest economy cuts through the red tape. Regulatory arbitrage at its finest.

Key details: The São Paulo-based exchange B3 (yes, the same one that listed Bitcoin ETFs last year) will host the new XRP fund. Trading kicks off April 30th.

Why this matters: Unlike the endless SEC circus around US crypto ETFs, Brazil’s Comissão de Valores Mobiliários (CVM) approved this in under 90 days. Somebody tell Gary Gensler what a functioning regulator looks like.

Market impact: XRP liquidity on Brazilian exchanges spiked 40% post-announcement. Global markets are watching—if this ETF gathers steam, pressure mounts on the SEC to stop pretending XRP is a security.

The billion-real question: Will this force the SEC’s hand? Probably not. But it does prove the world won’t wait for America to get its act together.