#XRPETF The fund is intended for investors in general who accept the inherent risks of investing and seek returns consistent with the fund's objective. If the investment in the fund is made by a non-resident investor, the non-resident investor must assess the suitability of acquiring shares of the fund under the applicable legislation in their jurisdiction," emphasizes Hashdex.

In an interview with EXAME, Samir Kerbage, CIO of Hashdex, stated that the launch of the XRP ETF is another step in "the development of the crypto asset market within a regulated environment." "We are very proud to be the first in the world to list an ETF with direct exposure to XRP, reinforcing our commitment to innovation and to the Brazilian investor."

Want to know the latest news affecting the crypto market? Subscribe to the free newsletters from Future of Money!

"This is the ninth ETF we have launched on B3, and each new product expands the possibilities for diversification and exposure to digital assets with security, transparency, and alignment with regulatory guidelines. We remain attentive to the evolution of the sector and work to offer increasingly efficient solutions for accessing the crypto universe,” he further stated.

According to Kerbage, "the focus of these ETFs [of crypto assets] is on sophisticated investors, such as institutions that wish to build crypto asset portfolios on B3." The debut of the new fund also reinforces the position of the Brazilian market as one of the most mature in terms of ETF launches.

FREE: DISCOVER THE 3 BEST STRATEGIES FOR INVESTING IN BITCOIN

The country has already taken the lead with the launch of bitcoin, ether, and multi-asset ETFs since 2021, years before these funds debuted in major markets. The United States gained bitcoin and ether ETFs only in 2024. Last year, the CVM also approved the launch of the first Solana ETFs.

Currently, the SEC (Securities and Exchange Commission of the United States) is reviewing several requests for the launch of XRP ETFs in the country. The expectation is that the approval