Brazil has marked a significant event in the financial market by launching the first spot ETF on XRP, managed by Hashdex. This event underscores the country's leadership in the regulation of cryptocurrency ETFs.
First XRP Spot ETF in Brazil
On April 25, 2025, the inaugural spot XRP ETF named XRPH11 was launched on Brazil's B3 stock exchange. This ETF was approved by the Brazilian Securities and Exchange Commission (CVM) and initiated by Hashdex.
Features of ETF XRPH11 and Its Management
The ETF XRPH11 will allocate at least 95% of its net assets to XRP and related digital assets. The net asset value of the ETF is approximately $40 million, with global XRP ETPs amassing a total of $950 million in assets under management. ‘XRPH11 is part of Hashdex’s line of mono-asset funds aimed at institutional investors’ said Samir Kerbage, Chief Investment Officer of Hashdex.
Market Impact and Future of Crypto Investment
The launch of XRPH11 signals increased institutional interest in cryptocurrencies. Successful launches of previous ETFs, such as Bitcoin and Ethereum, have also raised interest in this investment vehicle. Meanwhile, immediate XRP fluctuations need further data for confirmation.
The introduction of XRPH11 highlights Brazil's pioneering role in regulating cryptocurrency ETFs and may set a precedent for other countries looking to create similar investment products.
