### 🚀 Brazil launches the world's first XRP ETF!

📍 The main news:

Brazil has become the first country in the world to launch an XRP ETF (XRPH11) that directly tracks the price of XRP, even surpassing the United States in adopting digital currencies!

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### 🔎 Key numbers and information:

- Launch date: April 25, 2025, on the B3 exchange (the main stock exchange in Brazil).

- Current value: ~40 million dollars.

- Implementing entity: Hashdex (in partnership with Genial Investimentos).

- Fees:

- 0.7% annual management fee.

- 0.1% asset custody fee (no structural fees).

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### 💡 Why is this launch important?

1. A global precedent:

- The first actual ETF fund directly linked to XRP (not futures or derivatives).

- Based on the NQXRP index that tracks the spot price of XRP from major trading platforms.

2. A strong signal for investors:

- Brazil is ahead of the United States (where the XRP ETF is still pending).

- Shows increasing confidence in XRP as a suitable digital asset for institutions.

3. Promoting the adoption of digital currencies:

- Hashdex now has 9 crypto ETF funds in Brazil (including Bitcoin, Ethereum, and Solana).

- Primarily targets professional investors seeking regulated exposure to digital currencies.

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### 📈 Impact of the news on XRP and the market:

- Price reaction: XRP's price rose by ~3% after the announcement (according to TradingView data).

- Future expectations:

- If the U.S. Securities and Exchange Commission (SEC) approves the XRP ETF, the fund could attract billions of dollars.

- Brazil could be a model for other countries (like the UAE or Singapore) to launch similar funds.

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### 🌍 The bigger message:

Brazil once again proves to be a leader in adopting financial innovation, while major markets like the United States lag behind!

> "This is not just a victory for XRP, but for crypto as a whole!" — Comment from an analyst.

📌 Follow the developments: Will other countries follow Brazil's lead? 🚀

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