On April 25, 2025, Brazil officially launched the world's first spot XRP exchange-traded fund (ETF), named XRPH11, listed on Brazil's main stock exchange B3. This fund was launched by the asset management company Hashdex and is managed by Genial Investimentos, with Genial Bank SA responsible for asset custody. According to the data, XRPH11 tracks the Nasdaq XRP Reference Price Index (NQXRP), with at least 95% of its assets directly invested in XRP or financial products related to XRP. This is another milestone for Brazil in the cryptocurrency investment field, following the approval of the Solana ETF in 2024, showcasing its leading position in the global crypto market.

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