Launch of the World's First Spot XRP ETF at B3
On April 25, 2025, the Brazilian Stock Exchange B3 began trading the world's first spot XRP ETF.
The fund is managed by Hashdex, one of the leading crypto asset managers in Brazil, with administration by Genial Investimentos.
This ETF allows investors to have direct exposure to XRP without needing to acquire the cryptocurrency.
The launch is seen as an important milestone for the institutional adoption of XRP.
Market Impact
The expectations and launch of the XRP ETFs have positively impacted the price of the cryptocurrency.
Following the news of the approval of the ProShares ETFs, the price of XRP rose by 4.8%, reaching $2.27 and surpassing important resistance levels.
