#XRPETF

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• 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, with the code XRPH11, managed by asset management company Hashdex.

• Fund allocation and characteristics:

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

• Management fees as low as 0.7%, with no structural additional fees, designed to attract institutional investors' attention.

• Brazil leads, the U.S. lags behind:

• Following the approval of the Solana spot ETF in 2023, Brazil once again takes the lead over the U.S. by launching the XRP spot ETF first.

• In contrast, the U.S. is still reviewing related applications for crypto asset ETFs, with a relatively slow regulatory process.

• Ripple lawsuit concluded:

• The four-year legal battle between Ripple and the U.S. SEC has ended, with both parties reaching a settlement. Ripple paid a fine of $50 million, and the remaining funds were returned.