Global crypto asset manager Hashdex announced on April 25 on social network X the launch of XRPH11, which it described as "the first XRP ETF in the world" and "another milestone in the crypto world on the Brazilian stock exchange." This launch represents a significant expansion of cryptocurrency investment products on regulated financial markets in Brazil and underscores Hashdex's ambitions to bring innovation to this sector.

The asset management company elaborated on the significance of the XRP exchange-traded fund (ETF) for investors, stating:

Hashdex has just launched XRPH11, providing investors with a safe and regulated access to XRP — one of the leading cryptocurrencies focused on fast and low-cost international payments.

This milestone is the ninth crypto ETF launched by Hashdex in Brazil and its 33rd product offered globally. The new ETF strengthens Hashdex's presence in the emerging crypto economy of Latin America, where regulatory clarity and investor protection increasingly influence product design. Hashdex aims to leverage this dynamic to expand the range of accessible and compliant investment vehicles in cryptocurrencies.

In addition to highlighting the launch, Hashdex reaffirmed its broader goals for the future of cryptocurrency investing. The company reiterated its strategic commitment to expanding financial access: "We continue to broaden access to the crypto economy, offering investors trustworthy, regulated, and effective ways to engage in the future of finance."