#XRPETF As of April 27, 2025, XRP has achieved a significant milestone with the launch of its first spot Exchange-Traded Fund (ETF) in Brazil. The ETF, named **XRPH11**, is managed by Hashdex and Genial Investimentos and began trading on April 25, 2025, on Brazil's B3 stock exchange. This fund tracks the Nasdaq XRP Reference Price Index and allocates at least 95% of its assets directly to XRP, providing investors with regulated exposure to the cryptocurrency without the need to hold it directly. ([Brazil Launches XRP ETF on B3 As Cardano’s Hoskinson Teases New Integration](https://www.binance.com/en/square/post/23427780354330?utm_source=chatgpt.com), [Breaking News: First XRP ETF Goes Live in Brazil, Not U.S](https://www.binance.com/en/square/post/23441911269770?utm_source=chatgpt.com), [Brazil launches the first-ever XRP spot ETF – XRPH11 on B3](https://www.binance.com/en/square/post/23444621262162?utm_source=chatgpt.com))
In the United States, the Securities and Exchange Commission (SEC) has yet to approve any XRP ETFs. However, there is growing interest, with 12 proposals currently under review from firms such as Grayscale, VanEck, Franklin Templeton, and ProShares. Notably, major asset managers like BlackRock and Vanguard have not filed for XRP ETFs, possibly due to ongoing regulatory uncertainties surrounding XRP's classification. ([12 XRP ETF Proposals Now Before SEC; BlackRock and Vanguard Notably Absent](https://www.binance.com/en/square/post/23273836907065?utm_source=chatgpt.com))
On Binance, while there is a token labeled **XRPETF**, it is not an official ETF product. This token is currently not available for purchase or trading on the platform, and its trading volume remains minimal. ([XRP ETF Price | XRPETF to USD Converter, Chart and News](https://www.binance.com/en/price/xrp-etf?utm_source=chatgpt.com))
For investors in Pakistan and other regions, the launch of XRPH11 in Brazil represents a step forward in XRP's global adoption. However, until similar products are approved in other jurisdictions, direct investment in XRP or participation
