#XRPETF Hashdex has launched the world's first XRP Spot ETF — XRPH11. The fund tracKS the NASDAQ XRP Index and invests at least 95% of its assets directly in XRP. It is designed for institutional and advanced investors seeking regulated exposure to the cryptocurrency market in Brazil's capital markets.

The world's first Spot exchange fund, XRP HASHDEX, managed by Genial Investimentos, began trading on April 25 on Brazil's B3 stock exchange. Listed under the Ticker XRP H11, the ETF tracKS the NASDAQ XRP reference price index and, according to HASHDEX, will allocate at least 95% of its net assets to XRP. The fund's launch marks the ninth ETF HASHDEX has launched on the Brazilian exchange.

The launch has expanded Hashdex's one-time ETF offerings on B3, which also includes products based on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The Asset manager may use direct or indirect investments in futures contracts trac, aimed at replicating the performance of the NASDAQ XRP reference price index or other financial instruments that reflect the price of XRP as a defi benchmark for NASDAQ to provide exposure.