#XRPETF Hashdex launched the world's first XRP Spot ETF — XRPH11. The fund tracks the NASDAQ XRP Index and invests at least 95% of its assets directly in XRP. It is designed for institutional and advanced investors seeking regulated exposure to the crypto market in the Brazilian capital markets.

The world's first Spot Exchange Fund, XRP HASHDEX, managed by Genial Investimentos, began trading on April 25 on the B3 stock exchange in Brazil. Listed under the Ticker XRP H11, the ETF tracks the NASDAQ XRP reference price index and, according to HASHDEX, will allocate at least 95% of its net assets to XRP. The launch of the fund marks the ninth launch of HASHDEX ETFs on the Brazilian exchange.

The launch expanded Hashdex's one-time ETF offerings on B3, which also includes products based on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The Asset manager may utilize direct or indirect investments in futures contracts aimed at replicating the performance of the NASDAQ XRP benchmark price index or other financial instruments that reflect the price of XRP as this serves as a NASDAQ benchmark for providing exposure.