#ArizonaBTCReserve First XRP ETF in the world debuts on B3 — milestone reinforces Brazil's prominence in the cryptocurrency market

Project by Hashdex with management by Genial Investimentos debuts this Friday (25) on the Brazilian stock exchange.

Nothing like being the first in something. And, this Friday (25), Brazil once again makes history in the crypto asset market: the first ETF (exchange-traded fund) in the world based on the cryptocurrency XRP starts trading on B3, the country's stock exchange.

The product is a creation of Hashdex, a manager specialized in digital assets and a pioneer in the crypto ETF segment, managed by Genial Investimentos. Back in February, the Securities and Exchange Commission (CVM) gave the green light for the fund's debut, which arrives on the market under the ticker XRPH11.