The world's first XRP ETF—code XRPH11—has been listed on the B3 exchange in Brazil, issued by Hashdex. The fund will invest at least 95% of its assets in XRP, primarily targeting institutional investors. Brazil is leading the way in altcoin ETFs compared to the United States, with a current approval probability of 74% for the XRP ETF in the U.S. XRPH11 is expected to set a precedent for the U.S. market.