- Brazil’s B3 exchange launched XRPH11, the world’s first spot XRP ETF, offering secure, regulated XRP exposure to investors.
- XRPH11’s arrival positions Brazil as a rising leader in global crypto adoption while investors await U.S. XRP ETF approvals.
- XRP price slipped to $2.17 following XRPH11’s launch, but global attention on upcoming XRP futures and ETFs continues rising.
Brazil’s B3 exchange has launched XRPH11, the world’s first spot XRP ETF, opening new regulated access to XRP investments. Managed by Hashdex and administered by Genial Investimentos, XRPH11 offers direct exposure without requiring investors to hold the token.
XRPH11 Debuts, Bringing XRP to Traditional Markets
The new spot XRP ETF, XRPH11, began trading on April 25 following swift approval by Brazilian regulators. In a report via a post on X by Crypto Miners, the ETF is structured to invest at least 95% of its assets in spot XRP or XRP-related derivatives under strict custodial standards.
This move positions Brazil as a global leader in cryptocurrency regulation and adoption. With XRPH11, Hashdex adds its ninth crypto ETF on B3, expanding its lineup that already includes funds for Bitcoin, Ethereum, and Solana.
Structure, Asset Allocation, and Strategic Intent
The ETF is designed to track the Nasdaq XRP Reference Price Index while maintaining a strong focus on asset security and transparency. The product’s launch outlined that custody solutions would follow robust local frameworks to ensure compliance, according to a report by Value.
Simultaneously, Hashdex emphasized the strategic objective of drawing institutional and sophisticated investors seeking less risky exposure to cryptocurrencies. The fund structure is aimed at offering simple exposure to XRP with the reduced operational risks typically associated with self-custody.
Ripple Effects on XRP Markets and Broader Sentiment
XRP’s spot price fell to $2.17 following the launch, marking a 2.69% decline over the previous day’s trading level. Some investors view this short-term dip as a natural adjustment phase after a major event, particularly given recent market volatility.
There is growing attention toward XRPH11’s performance from global investment circles as the U.S. moves closer to approving its XRP-related products. With CME’s XRP futures scheduled for May 19 and ongoing legal developments around Ripple, XRPH11’s success could significantly influence broader ETF strategies for digital assets.
