#XRPETF The world's first spot exchange-traded fund (ETF) linked to XRP, issued by Hashdex and managed by Genial Investimentos, began trading on April 25 on the Brazilian stock exchange B3.

Listed under the ticker XRPH11, the ETF tracks the Nasdaq XRP Reference Price Index and, according to Hashdex, will allocate at least 95% of its net assets to XRP. The launch of the fund marks the ninth ETF launched by Hashdex on the Brazilian exchange.

The asset manager may use direct or indirect assets, futures contracts aimed at replicating the index's performance, or other financial instruments that reflect the price of XRP as determined by the Nasdaq benchmark index, to provide access.

The launch expands Hashdex's offering of single-asset ETFs on B3, which also includes products based on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

According to Hashdex's Chief Investment Officer Samir Kerbage, the fund aims to attract experienced investors, including institutions looking to create cryptocurrency portfolios based on the Brazilian stock market infrastructure.

He added that the ETF is aimed at expanding investor access while complying with safety regulatory requirements.