$XRP The launch of XRPH11 was an important milestone in the world of cryptocurrencies. On April 25, 2025, Hashdex launched the world's first XRP spot ETF (Exchange-Traded Fund) on the B3 Brazilian Stock Exchange. This fund, called Hashdex Nasdaq XRP Index Fund, aims to replicate the variations and returns of the Nasdaq XRP Reference Price Index.

*Key details of XRPH11*

- *Ticker symbol*: XRPH11

- *Stock exchange*: B3 (Brazil)

- *Objective*: Replicate the Nasdaq XRP Reference Price Index

- *Investment*: At least 95% of its net assets in XRP

*Importance of the launch*

- Brazil is ahead of the United States in the approval of cryptocurrency ETFs

- Provides investors with a direct and regulated gateway to XRP

- Positions Brazil as a leader in cryptocurrency adoption

*Reactions and outlook*

- The market reaction was moderate, with a 1.07% increase in the price of XRP on the first day

- Some experts believe that this launch could encourage more cautious regulators to act, especially in the United States

- The launch of XRPH11 is seen as an important step in the adoption of cryptocurrencies in Brazil and potentially around the world ¹ ² ³.