šStop everything! XRP becomes the new protagonist of the Brazilian crypto ecosystem, and rightly so: this Friday, April 25, the first spot ETF of XRP debuts on the Brazilian Stock Exchange (B3) under the ticker XRPH11. Yes, you read that right: spot, not futures! šÆ
This new exchange-traded fund was developed by Hashdex and will be managed by Genial Investimentos. Its official name is Hashdex Nasdaq XRP Index Fund, and its mission is clear: to replicate the Nasdaq XRP index (NQXRP), which reflects the real price of the cryptocurrency issued by Ripple Labs. A move with precision! š¹