#XRPETF

Wow, grand news!

The world's first spot ETF on XRP (yes, XRP, not something popular) started trading on the Brazilian exchange B3 on April 25! 🎉

Ticker — XRPH11, index — Nasdaq XRP Reference Price Index, and a whopping 95% of the assets will actually be in XRP! The rest, apparently, is for a rainy day — in futures and "other instruments." All for stability, of course. 🚀

Hashdex joyfully reports that this is already their ninth ETF on B3. 🏆 Is anyone still counting? No? Well, that’s fine!

The ETF is aimed at experienced investors — those who are not afraid to add an asset to their portfolio that could soar… or plummet without warning. 🎢

Naturally, all under the sauce of "safety" and "transparency" to calm the nerves of those who decide to take the risk. 🔒👀

And now for the numbers:

As of April 18, there were a whopping 950 million dollars in XRP-ETP worldwide. 💰 A gigantic amount… if you don’t know that it’s less than a billion.

But no worries! JPMorgan assures that the market could grow to as much as 8 billion dollars. 🌈✨ Hope dies last!