❎ A new era for XRP has begun — and this time, the epicenter is Brazil. ✨🇧🇷✨
In a move that reinforces its pro-crypto stance, Brazil has just launched the world's first spot XRP ETF, XRPH11. Officially listed on B3 since April 25, the fund is issued by Hashdex and managed by Genial Investimentos — a bold bet that places the country at the center of the global crypto universe.
While the United States is still fighting regulatory battles, Brazil accelerates without looking back — attracting institutional eyes hungry for innovation.
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📈 XRPH11: A Bold Bet on the Future of XRP
XRPH11 was created to track the Nasdaq XRP Reference Price Index, allocating at least 95% of assets in direct holdings or derivative instruments of XRP. The composition includes spot tokens, futures contracts, and other financial products tied to the cryptocurrency.
This is the ninth crypto ETF launched by Hashdex on B3 — joining versions for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
Although the initial trading volume has not yet been revealed, the fund is already alive in the market — a clear sign that the appetite for regulated digital assets is growing.
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🎯 Target: Institutional and Sophisticated Investors
According to Samir Kerbage, CIO of Hashdex, XRPH11 was designed for institutional investors who want regulated exposure to cryptocurrencies through traditional stock exchanges.
Kerbage highlighted two fundamental pillars of the fund:
💥• Total Transparency
💥• Investor Protection
Elements that place Brazil at the regulatory forefront compared to still hesitant markets like the US.
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$8 Billion Race Is On
Currently, XRP ETFs around the world total about $950 million in assets under management (AUM). However, the winds are changing:
💥• Last week, CoinShares recorded $37.7 million in net inflows for XRP-related funds — the largest growth among all crypto products.
💥• JPMorgan analysts project that XRP-focused ETFs could capture up to $8 billion over time.
Although Brazil represents only 0.9% of the global crypto ETP market, the launch of XRPH11 is seen as a spark that could ignite international interest.
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⚡ Will XRPH11 Be a Success?
Brazil may have won the launch race, but the real battle begins now.
The previously launched Solana (SOL) ETF in the country, for example, had modest performance.
If XRPH11 does not attract relevant flow, it could negatively impact the price of XRP in the short term. On the other hand, the expectation for a potential approval of an XRP ETF in the US adds a layer of optimism.
Today, according to the Polymarket platform, there is a 74% chance that a Spot XRP ETF will be approved in the US by 2025.
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📅 On the Way to the First XRP ETF in the US?
The American market awaits a decision from the SEC by May 22, 2025, regarding several spot ETF requests for XRP, including proposals from Grayscale and 21Shares.
Currently, the market's betting odds (via Polymarket) indicate a 87% chance of approval this year — a scenario that could catapult global interest in XRP.
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🔮 What Comes Next?
Hashdex does not stop at XRPH11. The manager has already submitted filings to expand its ETF family, including new assets such as:
💥• Solana (SOL)
💥• Cardano (ADA)
💥• Chainlink (LINK)
💥• Avalanche (AVAX)
💥• Litecoin (LTC)
💥• Uniswap (UNI)
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📊 How Can XRPH11 Impact the Price of XRP?
The launch of XRPH11 is a highly important event for the XRP ecosystem:
💥• Institutional Demand: The entry of institutional players could push the price up.
💥• Initial Volatility: It is possible that the market will register fluctuations in the first months, due to liquidity adjustments and speculation.
In summary, XRPH11 is not just a product — it is a new chapter in the history of global tokenization.
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✍️ Final Reflection
Brazil dared. XRPH11 is born under the sign of innovation — but also of responsibility.
If XRP gains traction in the hands of large investors, the fund could become a milestone not only for Latin America but for the global market.
While Wall Street is still debating, Brazil has already written the first line of this new story.
And now, the whole world is watching.
