Trading has begun for the XRP ETF fund called XRPH11 in Brazil today, making it the first product of its kind in the world. The fund, issued by Hashdex, is traded on the Brazilian B3 stock exchange.

Brazil also made history by approving the first Solana ETF last year. The trading volume of XRPH11 is not yet known, but it may pave the way for such approvals in the U.S. market.