XRPH11: The First XRP Spot ETF Launches in Brazil!
Hashdex has launched XRPH11, the world’s first XRP spot ETF, in Brazil.
The ETF allocates 95% of its assets to XRP and tracks the Nasdaq XRP Reference Price Index.
✅ Pros:
Spot ETFs help increase awareness and legitimacy of crypto.
More investors can access crypto through secure and regulated channels.
❎Cons:
Spot ETFs might overshadow crypto's decentralized and permissionless nature.
Large funds could gain more influence over market dynamics.
Which country do you think will follow this move next?
