Hashdex announced the launch of the world's first spot Exchange-Traded Fund (ETF) for XRP under the symbol XRPH11, in Brazil 🇧🇷. The new fund is based on the Nasdaq XRP Reference Price Index, with approximately 95% of its assets allocated for direct investment in XRP.
This launch marks a significant step in the adoption of digital assets within traditional investment frameworks, providing investors with a regulated tool to access the cryptocurrency market without needing to hold the digital currencies physically.
Hashdex, one of the leading providers of investment solutions in digital assets, confirmed that the launch of XRPH11 comes in response to the growing demand from investors for products that offer direct exposure to cryptocurrencies while adhering to strict regulatory standards ✅.
Analysts expect the new fund to attract more institutional investments into the cryptocurrency market, amid the growing global interest in modern financial technologies. This move comes at a time when Brazil 🇧🇷 is seeking to strengthen its position as a leading regional hub for financial innovation and digital assets ✨.
