Ivan on Tech 🚀 Building Moralis

#xrpetf In a landmark development for the cryptocurrency market, Brazil has officially launched the world’s first spot XRP Exchange-Traded Fund (ETF), designated as XRPH11. The exciting announcement, shared by prominent crypto commentator Amelie on X, marks a significant leap forward for both XRP and the broader digital asset ecosystem. A Historic Moment for XRP and Crypto Innovation The introduction of XRPH11 as a spot XRP ETF places Brazil at the forefront of global crypto financial products. Unlike futures-based ETFs that track derivatives contracts, spot ETFs are directly backed by the underlying asset — in this case, XRP itself. This critical difference offers investors exposure to actual XRP holdings, not just speculative contracts, providing greater transparency and reducing the risks associated with futures-based instruments. By launching XRPH11, Brazil has demonstrated a proactive stance in embracing blockchain-based financial innovation, while offering traditional investors a regulated and accessible pathway into the XRP market. This move reflects an increasing global demand for straightforward and secure investment vehicles tied directly to prominent cryptocurrencies.