On April 25, the global cryptocurrency asset manager Hashdex announced via the social platform X the launch of XRPH11, described as "the world's first ETF on XRP" and "another crypto milestone on the Brazilian stock exchange." The launch marks a significant expansion of cryptocurrency investment products in Brazil's regulated financial markets and underscores Hashdex's ambition to lead innovation in the sector.

The asset management company elaborated on the meaning of the XRP ETF for investors, stating:

Hashdex has just launched XRPH11, offering investors secure and regulated access to XRP — one of the leading cryptocurrency assets focused on fast and low-cost international payments.