#XRPETF In a major victory for the XRP community, Brazil's B3 stock exchange has launched the world's first XRP ETF. The fund is named XRPH11, managed by Hashdex and Genial Investimentos.

It will track Nasdaq's XRP Reference Price Index, enabling investors to access XRP safely and in a regulated manner.

According to Hashdex, the ETF will invest at least 95% of its assets directly in XRP or in other products such as futures contracts that replicate XRP's price movements. This setup allows both retail and large investors to invest in XRP without needing to own or store the cryptocurrency.

Brazil moves forward, the United States is still waiting

Interestingly, this significant advancement is taking place in Brazil, not in the United States, where Ripple is headquartered. In the United States, companies like Grayscale and Franklin Templeton have filed for XRP ETFs, but they are still waiting for the SEC.