#XRPETF
On April 25, an XRP ETF was launched in Brazil, expanding regulated crypto investment and supporting the global distribution of XRP: "Hashdex has just launched XRPH11, providing investors with safe and regulated access to XRP - one of the leading crypto assets focused on fast and inexpensive international payments".
This milestone marks the ninth crypto ETF launched by Hashdex in Brazil and the 33rd product offered globally. The new ETF strengthens Hashdex's presence in the emerging crypto economy of Latin America, where regulatory clarity and investor protection are increasingly influencing product development.
The potential approval of an XRP ETF in the U.S. is gaining momentum. This development comes after Ripple Labs settled its long-standing lawsuit with the U.S. Securities and Exchange Commission (SEC), removing a significant regulatory hurdle. Ripple CEO Brad Garlinghouse expressed confidence in the inevitability of an XRP ETF, citing growing institutional and retail demand.