XRP Launches First Spot ETF on Brazil’s B3
XRP has launched its first spot ETF, XRPH11, on Brazil’s B3 stock exchange on April 25, 2025, managed by Hashdex. Approved by Brazil’s CVM, XRPH11 allocates at least 95% of assets to XRP. The ETF, worth about $40 million, increases institutional access to XRP and highlights Brazil’s leadership in regulated crypto ETFs. Key players include Hashdex and Genial Investimentos as manager and custodian. Samir Kerbage, Hashdex’s CIO, noted XRPH11 is part of their single-asset fund line. The launch reflects rising institutional interest and strengthens Brazil’s role in shaping the future of crypto investment.