#xrpetf Brazil is now the first country in the world to approve and launch a spot XRP ETF.

Hashdex Nasdaq XRP Index Fund (XRPH11): The first spot XRP ETF in the world, developed by asset management company Hashdex, was approved by the Brazilian Securities and Exchange Commission (CVM) on February 19, 2025. The fund began trading on the Brazilian stock exchange B3 on April 25, 2025 under the code XRPH11.

The fund is managed by Hashdex and has Genial Investimentos as the administrator.

XRPH11 tracks the Nasdaq XRP Reference Price Index, investing at least 95% of its assets in XRP through direct purchases, futures contracts, or other investment forms that reflect the index price.

The market value of XRP at the time of the fund's launch was recorded at approximately $128.4 billion, making it the fourth largest cryptocurrency in the world.