#XRPETF XRP News Today: XRP Shines as Brazil Launches World’s First Spot XRP ETF on B3 Exchange
In a historic moment for the Ripple XRP news landscape, Brazil’s B3 stock exchange has officially launched the world's first spot XRP ETF, signaling a major leap toward mainstream crypto adoption.
Managed by Hashdex and administered by Genial Investimentos, the XRPH11 ETF offers investors a regulated, secure, and efficient gateway to XRP exposure without the need to directly hold or manage the token.
The XRPH11 fund tracks the Nasdaq XRP Reference Price Index and is designed to invest at least 95% of its assets directly in XRP or XRP-related derivatives. Samir Kerbage, Chief Investment Officer at Hashdex, commented, “XRPH11 is part of our mono-asset fund line, aimed at sophisticated and institutional investors looking to diversify their crypto portfolios on B3.”