#XRPETF

Under the ticker XRPH11, the new fund replicates the Nasdaq XRP Reference Price Index. According to the manager, XRPH11 will invest at least 95% of its assets in XRP through direct or indirect investment in the crypto asset, in futures contracts that aim to replicate the profitability of the index and/or other forms of investment that reflect the Nasdaq XRP Reference Price Index.

XRP is the fourth largest cryptocurrency in the world by market value, with a capitalization of US$ 128.4 billion at the quotation this Thursday (24) at 4:23 PM (Brasília time). The token is used by the American blockchain solutions company Ripple, and was created to function as a currency for international payments.