#XRPETF Launch of Hashdex's XRP ETF
The global cryptocurrency asset manager, Hashdex, announced on April 25 via the social platform X the launch of XRPH11, describing it as "the world's first XRP ETF" and "another cryptocurrency milestone in the Brazilian stock market." This launch represents a significant expansion of cryptocurrency investment products within regulated financial markets in Brazil and highlights Hashdex's ambition to innovate in the sector.
The asset manager developed the importance of the XRP-related ETF for investors, stating:
Hashdex has just launched XRPH11, providing investors with secure and regulated access to XRP — one of the leading cryptocurrency assets focused on fast and low-cost international payments.
This milestone is the ninth cryptocurrency ETF launched by Hashdex in Brazil and its 33rd product offered globally. The new ETF strengthens Hashdex's presence in the evolving cryptocurrency economy of Latin America, where regulatory clarity and investor protection often influence product design. Hashdex aims to leverage these dynamics to expand the range of compliant cryptocurrency investment vehicles available.
In addition to highlighting the launch, Hashdex reaffirmed its broader goals for the future of cryptocurrency investment. The company emphasized its strategic commitment to expanding financial access: "We continue to expand access to the cryptocurrency economy, providing investors with reliable, regulated, and efficient ways to participate in the future of finance."