Brazil has become the first country to introduce an ETF XRP, providing its investors with a new way to draw on the cryptocurrency market.
Hashdex launches XRP ETF on the largest exchange in Latin America
Hashdex, an asset manager, scored the XRP Spot ETF on the Brazil Stock Exchange on April 25. According to reports, the fund has the symbol of Ticker XRPH11 and follows the price of XRP using the NASDAQ XRP reference price index.
The CVM, the Securities and Exchange Commission of Brazil, had approved the ETF in February and the FNB was launched this week.
The fund will invest at least 95% of its assets in XRP, among other things, using term contracts and other securities compared to the NASDAQ reference price index.
Although Hashdex markets the fund as “Hashdex Nasdaq XRP fund of indices”, the fund management responsibilities will be managed by Genial Investmentos, while Genial Bank SA act as goalkeeper.
Break 🚨
Very first XRP Spot ETF made its debut on the main Brazil scholarship– Brazil introduced the very first ETF XRP Spot, making its debut on the B3 Stock Exchange.
– ETF, managed by Hashdex, is defined to follow the price of XRP using the NASDAQ XRP reference price index.#Crypto… pic.twitter.com/xgxtukancr– Global Rashid (@ globalrashid007) April 26, 2025
The fund structure includes an annual management cost of 0.8%
Instruments and investors behind the new ETF XRP pay 0.7%for annual management fees, accompanied by caretaker fees of 0.1%, which causes an annual expenditure of 0.8%. According to information, structuring costs do not apply when they charge funds.
It is the ninth ETF of Hashdex cryptocurrency listed on the B3 exchange. The company already has equivalent products which follow Bitcoin, Ethereum and Solana, indicating the growing opening of Brazil to investment in cryptocurrencies.
United States still without ETF XRP despite growing market interest
The launch exerts pressure on the United States, where there is no XRP ETF spot despite the creation of XRP by a company based in the United States. XRP ranks like the third largest cryptocurrency excluding stablescoins, with a declared market value of more than $ 120 billion.
Ripple, the most closely associated company with XRP, has recently made progress in resolving regulatory issues with the American Securities and Exchange Commission.
This achievement, in addition to the declared objective of the Trump administration to make America “the capital of the cryptographic world”, has established a more positive climate for cryptographic regulations in America.
Asset managers deposit for American ETF as the approval ratings increase
A number of large asset managers such as Grayscale and Franklin Templeton have filed requests from FNB SPOT XRP in the United States. According to analysts, the probability of an XRP ETF approval in the United States is currently 73%.
The United States observed the launch of an ETF XRP with leverage last week, but did not receive approval from an ETF Spot. While directing Brazil in these product launches, American regulators would find themselves more in a hurry to accept such investment options for American investors hoping for an exposure to XRP but without holding it directly.
Hashdex’s action marks a striking moment for the adoption of cryptocurrencies in traditional financial markets, and Brazil is now positioned as one of the first adopters of the increasing space of cryptographic ETFs.
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