#XRPETFs
Brazil leads the way as the world's first XRP ETF debuts on the Stock Exchange.
Approved by the CVM in February, the new ETF is the first spot price ETF for the cryptocurrency and begins trading amid analyses of requests in the USA.
The Stock Exchange welcomed the world's first XRP ETF on Friday, the 25th. The product, launched by the manager Hashdex, was authorized by the Securities and Exchange Commission (CVM) in February this year and is the first to track the spot price of the cryptocurrency, currently the fourth largest in the digital assets market.
With the debut, interested investors can now acquire shares in the fund and gain exposure to XRP. With the ticker XRPH11, the fund replicates the Nasdaq XRP Reference Price Index, requiring at least 95% of the ETF's assets to be invested in the cryptocurrency, either directly or indirectly, such as through the acquisition of futures contracts.
