#XRPETF

【#XRPETF Brazil Leads the World, The First XRP Spot ETF is Launched】

• The world's first XRP spot ETF:

• On April 25, 2025, the Brazilian Stock Exchange (B3) officially launched the world's first ETF tracking XRP spot, coded XRPH11, managed by the asset management company Hashdex.

• Fund configuration and characteristics:

• XRPH11 tracks the NQXRP index, with at least 95% of the asset allocation in XRP and its related assets.

• Management fees as low as 0.7%, with no structured additional fees, designed to attract the attention of institutional investors.

• Brazil takes the lead, the US lags behind:

• Following the approval of the Solana spot ETF in 2023, Brazil has again taken the lead over the United States by launching the XRP spot ETF first.

• In contrast, the US is currently still reviewing applications related to cryptocurrency asset ETFs, with a relatively slow regulatory process.

• Ripple lawsuit concluded:

• The long-standing four-year lawsuit between Ripple and the US SEC has concluded, with both parties reaching a settlement, and Ripple paying a fine of $50 million, with the remaining funds being returned.

• This move removes major legal obstacles for XRP in the US market, enhancing market confidence.

• Market significance:

• XRP officially enters the mainstream compliant financial market, expected to attract more institutional funds, further enhancing XRP's international recognition and market position.