On April 25, the global asset manager for cryptocurrencies Hashdex announced via the social media platform X the launch of XRPH11, which it described as the "first XRP ETF in the world" and "another important moment in the Brazilian stock market." The launch represents a significant expansion of cryptocurrency investment products within regulated financial markets in Brazil and confirms Hashdex's ambition to drive innovation in this sector. The asset management company outlined the importance of the XRP exchange-traded fund (ETF) for investors, stating:
