#XRPETF

The world’s first ETF that tracks the spot price of XRP, Ripple’s native crypto asset, officially debuted on Brazil’s main stock exchange B3 on April 25, according to a press release from Valor Econômico.

The fund, dubbed Hashdex Nasdaq XRP Fundo de Índice, or Hashdex Nasdaq XRP FI, is managed by Hashdex and administered by Genial Investments Securities Brokerage SA. Genial Bank SA is the ETF’s custodian.

The fund will invest at least 95% of its net assets in XRP and related digital assets, securities, or futures contracts linked to the index. As of the latest data, XRPH11’s net worth is nearly $40 million.