#XRPETF Hashdex has launched the world's first XRP ETF, XRPH11, on Brazil's B3 stock exchange. This fund offers investors a secure and regulated way to access XRP, one of the leading digital assets for cross-border payments. Here are the key details ¹:

- ETF Details:

- Ticker Symbol: XRPH11

- Index Tracked: Nasdaq XRP Reference Price Index

- Allocation: 95% of its equity daily to XRP

- Fees: 0.70% administration fee and 0.10% custody fee annually

- Launch and Performance:

- Launch Date: April 25, 2025

- Initial Trading Price: R$19.76

- Net Equity: R$551,217,650 on its first day of trading

- Impact:

- Global Adoption: Expected to boost global interest in XRP and crypto ETFs

- Market Significance: Marks a milestone in crypto asset adoption in Latin America, potentially paving the way for similar products in larger markets

- Investor Benefits: Provides sophisticated investors with structured exposure to digital assets within a regulated framework

This development is significant for the cryptocurrency market, as it demonstrates growing acceptance of digital asset products in regulated financial markets. Hashdex aims to democratize cryptocurrency investing by offering compliant and safe investment solutions.

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