**World’s First XRP Spot ETF Launches in Brazil**
Hashdex has launched **XRPH11**, the world’s first **XRP spot ETF**, on Brazil’s B3 exchange. The fund tracks the **Nasdaq XRP Index**, investing at least **95% in XRP**, offering institutional and advanced investors **regulated crypto exposure**.
This marks Hashdex’s **ninth ETF** on B3, expanding its single-asset offerings (including **BTC, ETH, and SOL** ETFs). While Brazil holds just **0.9% of global crypto ETP assets**, XRP’s recent **$37.7M weekly inflows** suggest strong demand.
Meanwhile, **U.S. XRP ETF approvals** remain pending, with Polymarket giving a **74% chance in 2025**. Analysts predict major firms like **BlackRock** may soon enter the space.
