#XRPETF

The first spot exchange-traded fund (ETF) tied to XRP in the world, issued by Hashdex and managed by Genial Investimentos, began trading on April 25 on Brazil’s stock exchange, B3. 

Listed under the ticker XRPH11, 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 introduction of the fund marks Hashdex’s ninth ETF launch on the Brazilian exchange.

The asset manager might use direct or indirect holdings, futures contracts aimed at replicating the index’s performance, or other financial instruments that reflect the price of XRP as defined by Nasdaq’s benchmark to give exposure.

The launch expands Hashdex’s single-asset ETF offerings on B3, which also include products based on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).