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Brazil has made history by launching the world’s first spot XRP Exchange Traded Fund on its main stock exchange B3. Managed by Hashdex and administered by Genial Investments the ETF is called Hashdex Nasdaq XRP Fundo de Índice and trades under the ticker XRPH11.
The XRP ETF mirrors the XRP Reference Price Index offering investors direct exposure to the live market price of Ripple’s native token. Backed by Brazil’s Securities and Exchange Commission approval the fund invests at least 95 percent of its assets in XRP and related products. It has already achieved a net worth close to 40 million dollars.
Hashdex now boasts nine crypto ETFs on B3 strengthening its leadership in digital asset investment. This move comes as momentum builds for crypto ETFs globally with US regulators expected to greenlight spot Solana and XRP funds soon. Analysts predict these approvals could pull in up to 14 billion dollars.
