#XRPETF Brazil #1

According to official documents, at least 95% of the ETF's assets will be invested in XRP or financial products linked to XRP.

Brazil has become the first country to launch a spot exchange-traded fund (ETF) for XRP, marking another important milestone for the country in the cryptocurrency space.

The new ETF, XRPH11, began trading on April 25, 2025, on B3, the main stock exchange in Brazil. It was created by Hashdex, one of the country's leading digital asset managers, and is managed by Genial Investimentos. Genial Bank is responsible for custody.

This move makes Brazil the first country to offer a spot ETF directly linked to XRP, the cryptocurrency developed by Ripple. The ETF tracks the reference price index of XRP (NQXRP), which reflects real-time prices from leading cryptocurrency exchanges.