#XRPETF Brazil Launches World’s First Spot XRP ETF

In a groundbreaking move for the cryptocurrency market, Brazil has officially launched the first-ever spot XRP exchange-traded fund (ETF), marking a major step toward mainstream adoption of digital assets. The ETF, trading under the ticker **XRPH11**, debuted on the B3 stock exchange on April 25, 2025. Managed by the investment firm **Hashdex**, the fund is designed to track the **Nasdaq XRP Reference Price Index**, giving investors direct exposure to XRP while providing a regulated and accessible investment vehicle.

This launch positions Brazil as a leader in the global cryptocurrency investment space. The introduction of the spot XRP ETF allows both institutional and retail investors to gain exposure to XRP in a compliant and transparent manner, further bridging the gap between traditional finance and the digital asset world.

In the United States, the race for an XRP ETF is also gaining momentum. In October 2024, **Bitwise** filed a registration statement with the SEC for a spot XRP ETF. While the approval process is still underway, the move signals growing interest in XRP-focused investment products. Additionally, **Teucrium** launched the **2x Long Daily XRP ETF (XXRP)** in April 2025, offering a leveraged product aimed at doubling the daily return of XRP.

The launch of Brazil’s spot XRP ETF is a pivotal moment for the cryptocurrency industry, potentially paving the way for similar products in other countries, including the United States. As the market continues to evolve, the approval and growth of XRP ETFs could have a significant impact on XRP's price and the broader crypto ecosystem. Thanks for reading and please DYOR on CheckDot 🤝