#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 to track the spot price of the cryptocurrency and begins trading amid pending applications in the US.

On this Friday, the 25th, the Stock Exchange welcomed the world's first XRP ETF. The product, launched by the manager Hashdex, was authorized by the Securities and Exchange Commission (CVM) in February of this year and is the first to track the spot price of the cryptocurrency, currently the fourth largest in the digital asset market.

With the debut, interested investors can already acquire shares in the fund and gain exposure to XRP. With the ticker XRPH11, the fund replicates the Nasdaq XRP Reference Price Index, requiring an investment of at least 95% of the ETF's assets in the cryptocurrency, either directly or indirectly, such as through the purchase of futures contracts.