#XRPETF
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💥Brazil takes the lead globally by launching the world's first 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 XRP's official entry into the compliant financial market and opens a new chapter for digital assets.
📈XRPH11 is configured with over 90% XRP, with net assets nearing 40 million USD!
XRPH11 tracks the NQXRP index, with at least 95% of the fund's assets allocated to XRP and its related assets. The fees are extremely low, with a maximum management fee of only 0.7%, and no structural fees, attracting a large number of institutional investors' attention.
🔥Following Solana, Brazil again takes the lead over the United States!
After approving the Solana spot ETF in 2023, Brazilian regulators have once again taken the lead, while U.S. regulators are still reviewing related applications. XRP's recognition in the international market is rapidly heating up.
⚖️The Ripple lawsuit has reached a conclusion, and the regulatory clouds have finally dispersed!
The four-year tug-of-war between Ripple and U.S. regulators has finally come to an end. Both parties ultimately reached a settlement, with Ripple paying a 50 million USD fine, and the remaining amount being returned. This outcome has cleared the path for XRP's advancement and boosted market confidence.
📊What does the arrival 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 inflow, with expectations for price and market position likely to achieve a "qualitative change."
