Is there an XRP ETF?
The first exchange-traded fund in the world tracking the spot price of XRP, the native cryptocurrency of Ripple, officially debuted on Brazil's main stock exchange B3 on April 25, according to a press release from Valor Econômico.
Brazil was the first country to launch a series of XRP ETFs, unlike any other country, including the United States.
Hashdex XRP ETF was listed on B3, an exchange in Brazil that enables investors to track the price of XRP directly.
American asset managers are pushing for XRP ETFs as political changes enhance the likelihood of approval.
Brazil achieved a major milestone, recording success as the first country to offer an exchange-traded fund for XRP (ETF). Hashdex, a Brazilian asset manager, added the Hashdex SPOT ETF to B3, the largest exchange market in Latin America, under the ticker XRPH11 on April 25.
The new ETF is linked to the NASDAQ XRP Reference Price Index, which provides Brazilian investors with a new way to invest in XRP through an exchange-traded instrument. Genial Investimentos