#XRPETF Brazil Launches World’s First Spot XRP ETF ‘XRPH11’ – Now Trading Live!

In a groundbreaking move for the cryptocurrency industry, Brazil has officially launched the world’s first spot XRP ETF, known as XRPH11. Issued by Hashdex and managed by Genial Investimentos, the fund began trading on April 25 at Brazil’s main stock exchange, B3.

This milestone cements Brazil’s growing reputation as a global leader in crypto innovation. While major markets like the United States continue to wrestle with regulatory hurdles surrounding crypto ETFs, Brazil has rapidly approved and launched XRPH11 — showcasing its progressive stance towards digital assets.

The XRPH11 ETF provides investors with direct exposure to XRP’s spot market performance, marking a major step forward for the adoption of crypto investment products. This launch follows Brazil’s pioneering efforts in 2023, when the country introduced the world’s first Solana ETF, also issued by Hashdex, further emphasizing Brazil’s role as a crypto-friendly hub.

Hashdex, a prominent player in the crypto asset management space, continues to strengthen its footprint by collaborating with Genial Investimentos to ensure robust management and accessibility for retail and institutional investors alike.

As the global demand for diversified crypto investment products grows, Brazil’s leadership in bringing a spot XRP ETF to market could encourage other jurisdictions to follow suit — pushing the broader crypto investment landscape into a new era.

Meanwhile, U.S. investors are still awaiting regulatory clarity on spot crypto ETFs, especially after lengthy delays and high-profile denials by the SEC. Brazil’s proactive stance offers a clear contrast and a glimpse into what the future of crypto investing could look like elsewhere, if regulators choose to embrace the momentum.

Bottom Line:

Brazil isn’t just participating in the global crypto movement — it's helping to shape its future, and XRPH11 is the latest proof of that bold vision.