#XRPETF Brazil has launched the world's first spot XRP ETF (XRPH11) on its B3 stock exchange, managed by Hashdex. This marks a significant step for XRP, offering regulated and accessible exposure to investors without direct token holding. The ETF tracks the Nasdaq XRP Reference Price Index, investing at least 95% in XRP or related derivatives.

While Brazil pioneers this move, the US SEC has yet to approve any spot XRP ETF applications, despite growing global interest in XRP investment vehicles. ProShares is set to launch XRP futures ETFs in the US on April 30th. The launch in Brazil is seen as a potential benchmark for other countries and could boost XRP adoption globally.