🚨🚨 #Ripple 🚨 $XRP 🚨🚨
🇧🇷 Big news from Brazil! Hashdex has just launched XRPH11, the world’s first spot XRP ETF — a huge step for the crypto world. Here’s what you need to know:
📈 Direct XRP Exposure: XRPH11 lets investors buy into XRP easily — no wallets, no exchanges, no private keys. Just pure, regulated access.
📊 95% in XRP: Almost the entire fund (95%) is allocated directly to XRP, tracking the Nasdaq XRP Reference Price Index.
🏦 Managed by Genial: Brazil's Genial Investimentos is handling the administration side of things, ensuring everything stays compliant.
📅 Trading Soon: Approved by Brazil’s CVM regulator! It’s in the "pre-operational" stage right now — launch date on the B3 exchange will be announced shortly.
💥 Price Boost: Right after the news, XRP shot up around 7.8%, hitting about $2.72. Big excitement among investors!
🌎 Global Impact: Brazil is seriously leading the way here. This could pressure other countries to move faster on crypto ETFs.
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Bottom line: This XRP ETF is a game-changer, not just for Brazil, but for the entire crypto market. More mainstream adoption, easier access — and probably more big moves coming soon!