#XRPETFs XRPH11: first XRP ETF in Brazil and its impact
Launched on 04/25/2025 by Hashdex/Genial (XRPH11, the world's first XRP ETF), it replicates the Nasdaq XRP index with ≥95% allocated to the asset. The market welcomed the milestone, but analysts reminded caution (Solana ETF in 2024 had low volume). On the day of the IPO, XRP fell ~1%; in the following days, it rose ~3.5% (US$2.33 on 04/28). Despite this, the initial volume was modest and the impact on the price of XRP was limited. Data from CoinShares pointed to US$37.7 million in weekly inflows into XRP funds.
