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Brazil Beats Wall Street to the Punch: First-Ever Spot XRP ETF Launches—Is the U.S. Next?
Brazil Beats Wall Street to the Punch: First-Ever Spot XRP ETF Launches—Is the U.S. Next?
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While U.S. regulators drag their feet on crypto ETFs, Brazil just schooled them with the world’s first spot XRP fund. Traders can now get direct exposure to Ripple’s token without the usual custody headaches—take that, SEC.
Why does São Paulo get the fun while New York gets the paperwork? The ETF rollout proves emerging markets are eating traditional finance’s lunch—again. Watch for copycat filings in crypto-friendly jurisdictions within weeks.
Bonus jab: Goldman Sachs will probably launch their own version in 2026... at a 2% management fee, naturally.
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