Brazil Launches World’s First XRP-Based ETF 'XRPH11' on B3 Exchange
Brazil has become the first country in the world to launch an XRP-based exchange-traded fund (ETF), marking a significant milestone in crypto-backed financial products. The ETF, named XRPH11, was issued by asset management firm Hashdex and is now trading on Brazil’s B3 Stock Exchange.
Following regulatory approval from Brazilian financial authorities, Hashdex introduced XRPH11 as part of its broader strategy to expand crypto investment vehicles in the region. This launch comes after Hashdex's earlier ETFs for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), further solidifying Brazil as a strategic market for crypto ETFs.
Institutional Focus and Market Impact
XRPH11 is structured to invest at least 95% of its assets in XRP, with a primary focus on attracting institutional investors. Hashdex’s continued rollout of diversified crypto ETFs reflects growing demand in Latin America and strengthens Brazil’s position as a pioneer in crypto finance.
The introduction of XRPH11 could also influence U.S. regulators, who are currently reviewing the possibility of approving a similar XRP ETF. While the approval probability in the U.S. stands at 74%, the exact timeline remains uncertain. Market watchers are closely monitoring the outcome, especially since Solana’s ETF debut had a limited market impact.
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