#XRPETF XRPETF Hashdex has launched the world's first spot XRP ETF, known as the Nasdaq XRP Index Fund, on Brazil's B3 stock exchange. This fund allows investors to gain exposure to XRP, the native token of the Ripple blockchain, through a regulated and secure channel.
*Key Details:*
- *ETF Name*: Nasdaq XRP Index Fund XRPH11
- *Launch Date*: February 2025
- *Exchange*: B3 stock exchange in Brazil
- *Administrator*: Genial
- *Fees*:
- *Administration Fee*: 0.70% annually
- *Custody Fee*: 0.10% per year
- *Investment Strategy*: The fund allocates 95% of its equity to XRP and uses futures contracts to replicate the Nasdaq XRP Reference Price Index
*Significance:*
- *Global First*: This is the world's first spot XRP ETF, marking a significant milestone in crypto asset adoption
- *Institutional Interest*: The approval of this ETF demonstrates growing institutional interest in XRP and its role in cross-border payments and global remittance solutions
- *Regulatory Framework*: The launch of XRPH11 showcases Brazil's progressive stance on crypto regulation, potentially setting a precedent for financial innovation
*Market Impact:*
- *Increased Adoption*: The introduction of a spot XRP ETF in Brazil is expected to have far-reaching effects on the global cryptocurrency landscape, potentially driving increased adoption and investment in XRP
- *Market Presence*: The ETF's approval enhances XRP's market presence and positions Brazil as a leader in global crypto adoption.
