Trading of the XRP ETF fund called XRPH11 started today in Brazil, making it the first product of its kind in the world. The fund, issued by Hashdex, is traded on the Brazilian B3 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 American market.