Hashdex has launched the world’s first spot XRP exchange-traded fund (ETF) in collaboration with Genial Investimentos. Listed under the ticker XRPH11, the fund has begun trading on Brazil’s B3 exchange.
XRPH11, which tracks the Nasdaq XRP Reference Price Index, is designed to allocate at least 95% of its net assets directly to XRP. Hashdex noted that exposure to XRP can be achieved through direct coin ownership, futures contracts that replicate the index’s performance, or other financial instruments that mirror Nasdaq’s benchmark.
XRP Spot ETFs have not yet been approved in the US, but Bloomberg analysts believe that many altcoin ETFs, including XRP, $XRP will eventually gain approval under the Trump administration.
This launch marks Hashdex’s ninth ETF offering in B3, expanding its single-asset crypto ETF lineup that already includes products linked to Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).