#XRPETF

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“Brazil launches the first-ever XRP spot ETF –

Hashdex has launched the world’s first XRP spot ETF — XRPH11. The fund tracks the Nasdaq XRP Index and invests at least 95% of its assets directly in XRP. It targets institutional and advanced investors seeking regulated exposure to the crypto market within Brazil’s capital markets.

The world’s first XRP spot exchange-traded fund (ETF), issued by Hashdex and managed by Genial Investimentos, began trading on April 25 on Brazil’s B3 stock exchange. Listed under the ticker XRPH11, the ETF tracks the Nasdaq XRP Reference Price Index and, according to Hashdex, will allocate at least 95% of its net assets to XRP. The introduction of the fund marked Hashdex’s ninth ETF launch on the Brazilian exchange.

The launch expanded Hashdex’s single-asset ETF offerings on B3, which also includes products based on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The asset manager might use direct or indirect investment in futures contracts aimed at replicating the Nasdaq XRP Reference Price Index’s performance or other financial instruments that reflect the price of XRP as defined by Nasdaq’s benchmark to give exposure.”