- Brazil is the world with the first XRP ETF. The country knows no regulatory delays as in the United States.
- The new XRPH11 ETF relies directly to XRP and is aimed at institutional investors on the Brazilian stock exchange B3.
Brazil has taken a courageous step in the global crypto race with the laying down of the first stock market traded XRP Spot Fund (ETF). The fund called XRPH11 opened on April 25 on the B3 exchange.
The ETF, which is emitted by Hashdex and managed by Awesome Investimentos, aims to offer institutional and experienced investors a regulated engagement in XRP. While the global markets are waiting for regulatory clarity, Brazil’s proactive attitude gives the pace for crypto -based financial products.
XRPH11 aims at institutional demand while the competition lags behind
The XRPH11 ETF is designed in such a way that it reflects the Nasdaq XRP reference price index and will create at least 95 % of its assets in XRP. This allocation includes a mixture of XRP cassavates, crypto futures and other XRP-bound instruments. Although no specific data on the trading volume have been published, XRPH11 is currently listed and active on the official B3 platform.
This is the ninth crypto ETF offer from Hashdex in Brazil, which is part of a growing series of products that are already bound to Bitcoin, Ethereum and Solana. Samir Kerbage, Chief Investment Officer from Hashdex, said on the occasion of the introduction that the product was tailored to investors who are looking for a transparent, conformity engagement in digital assets. He emphasized that the ETF closely matches the Brazilian regulatory framework and puts the protection of investors in the foreground.
XRP-focused ETFs currently manage around $ 950 million in managed assets (AUM). According to CoinShares, XRP-related funds recently led the market for crypto ETPs with weekly tributaries of $ 37.7 million-the highest among all digital assets.
Brazil in the fast lane
The quick approval and introduction of XRPH11 in Brazil is in stark contrast to the United States. While Brazil has approved several crypto ETFs, including the world’s first Solana ETF in the past year, the United States is still idle. Analysts say that this gives Brazil an advantage in the attraction of crypto capital.
However, not all previous allegations were successful. The Solana ETF, which was launched in Brazil last year, has not been well received, and now questions are raised about the long-term appetite of investors. If XRPH11 cuts off below average, this could put the XRP price under pressure at short notice.
But optimism remains great. As already reported, JPmorgan recently predicted that XRP ETFs could attract up to $ 8 billion in net inflows over time, the institutional interest is great. Polymarket puts the likelihood that a US spot ETF will be approved for XRP by 2025, currently to 74 %, and market expectations increase.
At the moment, the Brazilian XRPH11 is a precedent that offers a regulated path to XRP engagement. Since the global market observes closely, its performance could shape the future of crypto system products worldwide.
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