Brazil Launches XRPH11 ETF, Opening a Regulated Gateway to XRP Exposure

Managed by Hashdex and administered by Genial Investimentos, the XRPH11 ETF offers investors a regulated, secure, and efficient gateway to XRP

Hashdex, a leading provider of cryptocurrency exchange-traded funds (ETFs), has launched the world's first XRP ETF on Brazil's B3 exchange, marking a significant milestone for Ripple and the broader crypto investment ecosystem.

The XRPH11 fund, managed by Hashdex and administered by Genial Investimentos, offers investors a regulated, secure, and efficient gateway to XRP exposure.

XRPH11 will track the Nasdaq XRP Reference Price Index and invest at least 95% of its assets directly in XRP or XRP-related derivatives. The remaining portion of the fund's assets will be invested in Brazilian federal government bonds.

“XRPH11 is part of our mono-asset fund line, aimed at sophisticated and institutional investors looking to diversify their crypto portfolios on B3,” said Samir Kerbage, Chief Investment Officer at Hashdex.

This development is particularly noteworthy as the U.S. Securities and Exchange Commission (SEC) is yet to approve any XRP-focused products despite multiple applications from firms like Grayscale and Franklin Templeton.

While the U.S. continues to grapple with regulatory delays, Brazil has taken the lead in providing regulated access to Ripple crypto.

XRPH11 is an open-ended fund with a minimum initial investment of R$500. The fund's management fee is 0.7% per year, and a custody fee of 0.1% per year will be charged separately by Genial Bank SA, which will provide custody of the XRP assets.

The ETF's price will be calculated and disclosed daily on the B3 exchange, and regular reports on the fund's performance and asset allocation will be published on the Hashdex website.

XRPH11 is the latest addition to Hashdex's expanding lineup of crypto ETFs in Brazil. The firm currently offers Bitcoin, Ethereum, and other cryptocurrency ETFs on the B3 exchange.

As the world's first Spot XRP ETF, XRPH11 is a testament to Brazil's emerging role as a leader in regulated crypto investments. Earlier this year, the fund was approved by Brazil's CVM, the country's securities regulator.

The ETF is designed to provide investors with a transparent and efficient way to invest in XRP, one of the world's leading cryptocurrencies, known for its speed, scalability, and low transaction fees.

The XRPH11 ETF will be traded on B3, Brazil's stock exchange, and is available for purchase by institutional and sophisticated investors.

The fund is being managed by Hashdex, a leading provider of cryptocurrency ETFs, and will be administered by Genial Investimentos Securities.

The ETF will track the Nasdaq XRP Reference Price Index, which is designed to measure the price of XRP in U.S. dollars. The fund will invest at least 95% of its assets directly in XRP or XRP-related derivatives, and the remaining portion of the fund's assets will be invested in Brazilian federal government bonds.

XRPH11 is a unique and innovative product that is sure to attract interest from investors around the world. It is a testament to Brazil's commitment to fostering a dynamic and inclusive financial ecosystem.

"We are excited to launch the world's first XRP ETF," said Samir Kerbage, Chief Investment Officer at Hashdex. "This fund is part of our mono-asset fund line, which is aimed at sophisticated and institutional investors who are looking to diversify their crypto portfolios on B3."

"We believe that XRPH11 will be a valuable addition to the B3 exchange and will provide investors with a convenient and efficient way to gain exposure to XRP."

The launch of XRPH11 follows a period of intense interest in crypto ETFs in the U.S., where several firms have applied for approval to launch Bitcoin and Ethereum ETFs.

However, the SEC has yet to approve any crypto ETFs, despite the growing demand from investors.

The approval of XRPH11 is a significant milestone for the crypto industry and could pave the way for the approval of more crypto ETFs in other major markets.

It is also a sign of the increasing acceptance of cryptocurrencies by mainstream financial institutions.

"This move by Brazil is particularly interesting as the U.S.—home to Ripple Labs—continues to grapple with regulatory delays despite multiple XRP ETF applications," Stellar Expert added. "Despite several firms like Grayscale and Franklin Templeton applying for XRP-focused products, the SEC has yet to greenlight any such products."

The successful launch of XRPH11 could provide crucial insights for U.S. regulators as they consider applications for XRP ETFs.

Global attention is focused on the potential approval of an XRP ETF in the U.S., with several major financial institutions applying for such products.

However, the road to approval has been slow, and there are still many uncertainties that need to be resolved.

But as the world's first Spot XRP ETF launched by Hashdex on Brazil's B3 exchange is