#XRPETF XRPETF The first XRP ETF launched in Brazil

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, allowing investors to safely and securely access XRP.

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 the price movements of XRP. This setup allows both regular 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 major advancement is taking place in Brazil, not in the United States, where Ripple is headquartered. In the U.S., companies like Grayscale and Franklin Templeton have filed for an XRP ETF, but they are still waiting for SEC approval.

Meanwhile, the demand for XRP-related investment products is rapidly increasing. As of April 18, XRP-focused ETPs have approximately $950 million in assets under management, according to CoinShares. Just last week, XRP funds saw $37.7 million in new money, leading all other cryptocurrency funds.

Even greater things may lie ahead. Earlier this year, JPMorgan predicted that XRP products could generate up to $8 billion — nearly eight times what they do now.