On April 25, 2025, Brazil's B3 Exchange launched the world's first XRP spot ETF, "XRPH11," managed by Hashdex and operated by Genial Investments, which tracks the NASDAQ XRP Reference Price Index. The fund was fast-tracked for approval by the Brazilian Securities Regulatory Commission (CVM) in February 2025, continuing its pace of innovation from August 2024 through the Solana ETF.

XRPH11 allocates at least 95% of assets to XRP and charges 0.7% management fee and 0.1% custody fee. On its first day of trading, XRPH11 attracted active trading from institutional and professional retail investors, demonstrating the strong demand for regulated crypto products. The move confirms Brazil's position as a hub for crypto innovation and provides an important case study for global regulators.

The U.S. market is still waiting for the Securities and Exchange Commission (SEC) to approve the XRP spot ETF, and Brazil's early experience may influence subsequent decisions. Analysts expect major markets to attract US$14 billion in inflows in the first year if they follow through with approval of the XRP and Solana ETFs. XRPH11's initial net assets have already reached nearly $40 million, indicating that demand for institutional-grade crypto products is growing.

Disclaimer: The contents of this article are for informational purposes only and should not be construed as any form of promotion, investment advice, or invitation, solicitation or recommendation of any investment product.
The contents of this article have been reprinted.offensiveIf there is anything wrong, please contact us and we will remove it immediately, thank you.
Readers should make their own assessment and seek professional advice.