The ETF fund for XRP, called XRPH11, is launched 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 exchange.

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