#XRPETF

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💥Brazil takes the lead globally by launching the first-ever XRP spot ETF!

On April 25, Brazil's stock exchange B3 launched the world's first ETF tracking the spot price of XRP—XRPH11, managed by Hashdex. This marks the official entry of XRP into the compliant financial market, opening a new chapter for digital assets.

📈XRPH11 allocates over 90% of XRP, with net assets close to $40 million!

XRPH11 tracks the NQXRP index, with at least 95% of fund assets allocated to XRP and related assets. The fee rate is extremely low, with a maximum management fee of only 0.7%, and no structural fees, attracting a large number of institutional investors.

🔥After Solana, Brazil once again outpaces the United States!

Following the approval of the Solana spot ETF in 2023, Brazilian regulators are once again ahead, while U.S. regulators are still reviewing related applications. XRP's recognition in the international market is rapidly heating up.

⚖️The Ripple lawsuit has come to a conclusion, and the regulatory clouds have finally dispersed!

The four-year tug-of-war between Ripple and U.S. regulators has finally ended. The two parties ultimately reached a settlement, with Ripple paying a $50 million fine and the remaining amount being returned. This outcome clears the way for XRP to move forward and boosts market confidence.

📊What does the advent of the XRP ETF mean?

With the launch of the XRP spot ETF, XRP is not only closer to the mainstream financial world but may also welcome a wave of institutional entry, with expectations of price and market position potentially achieving a 'qualitative change'.