$XRP Following regulatory approval, the fund entered into a pre-operational phase. During this phase, it was not yet actively trading but was undergoing preparatory steps.

The ETF, now trading on B3 under the ticker XRPH11, replicates the XRP Reference Price Index (NQXRP), which tracks the spot price of XRP across major crypto exchanges, according to the fund’s documents.

The fund will invest at least 95% of its net assets in XRP and related digital assets, securities, or futures contracts linked to the index. As of the latest data, XRPH11’s net worth is nearly $40 million.