#XRPETF XRPH11 was officially launched on April 25, 2025, on Brazil's B3 exchange, jointly introduced by Hashdex and Genial Investimentos, with assets under management (AUM) exceeding $40 million, becoming the world's first regulated XRP spot ETF.

◦ Design Highlights:

▪ 95% of assets are directly allocated to XRP spot, and 5% track the Nasdaq XRP index through futures contracts to achieve price stability.

▪ A physical redemption mechanism is adopted, allowing market makers to exchange XRP for fund shares, reserving an interface for DeFi liquidity integration.

▪ Fee advantages: management fee of 0.7% + custody fee of 0.1%, which is more than 30% lower than similar products in the United States, combined with Brazil's 15% capital gains tax benefits, attracting international capital.