#XRPETF

Brazil was the first country to launch a set of XRP ETFs, unlike any other country, including the United States.

Hashdex XRP ETF was listed on B3, an exchange in Brazil that allows investors to track the price of XRP directly.

American asset managers are pushing for XRP ETFs as political changes enhance the likelihood of approval.

Brazil achieved a major milestone, recording success as the first country to offer an exchange-traded fund for XRP (ETF). Hashdex, the Brazilian asset manager, added Hashdex SPOT ETF to B3, the largest exchange market in Latin America, under the code XRPH11 on April 25.

The new ETF is linked to the NASDAQ XRP reference price index, providing Brazilian investors with a new way to invest in XRP through an exchange-traded instrument. Genial Investimentos will be the platform through which the fund will operate, and Genial Bank SA will serve as the fund's custodian. Hashdex intends to invest at least 95% of the fund's value in XRP through futures, securities, and other means.