Hashdex, in collaboration with Genial Investimentos, has announced the launch of the world's first XRP-based ETF, which tracks the Nasdaq XRP Reference Price index and has begun trading on Brazil's B3 exchange.
Details on the New XRPH11 ETF
The XRPH11 ETF allocates at least 95% of its net assets directly to XRP. Investors can gain exposure to XRP through direct coin ownership, futures contracts that replicate the index's performance, or other financial instruments that mirror Nasdaq's benchmark.
Regulatory Environment and Expectations in the US
Currently, XRP-based ETFs have not yet received approval in the US, but Bloomberg analysts believe that many altcoin ETFs, including XRP, may eventually gain approval under the Trump administration.
Comment from Hashdex Leadership
According to Samir Kerbage, Chief Investment Officer of Hashdex, the new ETF aims to attract sophisticated investors and institutions looking to build cryptocurrency portfolios within Brazil's regulated stock market. Kerbage emphasized that XRPH11 complies with regulatory standards on fund security and transparency, and expands investors' access to digital assets.
The launch of the XRP ETF highlights the growing interest in cryptocurrencies in regulated markets, which could lead to new opportunities for investors in the future.
