🚀🚀Crypto News Updates
XRP news today, April 26: Brazil has officially launched the world's first spot XRP ETF. The fund is named XRPH11, issued by Hashdex and managed by Genial Investimentos, and began trading on April 25 on Brazil's B3 stock exchange.
This swift approval and launch by Brazil stands in stark contrast to the United States, where regulatory hurdles continue to delay similar products. Brazil's proactive approach highlights the country's growing reputation as a cryptocurrency-friendly hub, further reinforced by the introduction of the first Solana ETF last year.
XRPH11: A bold bet on XRP
XRPH11 is designed to track the Nasdaq XRP Reference Price Index and allocate at least 95% of its assets directly or indirectly to XRP. This includes a mix of spot XRP holdings, futures contracts, and other cryptocurrency-related instruments. While the exact trading volume has not yet been publicly disclosed, XRPH11 is operational and listed on B3's website.
This is Hashdex's ninth cryptocurrency ETF on this exchange, alongside previous products for Bitcoin, Ethereum, and Solana.
