#XRPETF XRP debuts 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 the Nasdaq XRP Reference Price Index, making it easier for investors to access XRP safely and in a regulated manner.

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

Brazil moves forward, the United States still waits

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

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

Greater things may be ahead. Earlier this year, JPMorgan predicted that XRP products could generate up to $8 billion — nearly eight times what it is now.