世界上第一个名为XRPH11的XRP ETF开始在巴西的B3证券交易所进行交易

世界上第一个名为XRPH11的XRP ETF于2025年4月25日开始在巴西的B3证券交易所进行交易。由Hashdex发行，Hashdex XRP ETF专注于为机构投资者提供直接和间接敞口向XRP提供。

The world’s first XRP ETF, named XRPH11, started trading on Brazil’s B3 stock exchange on April 25. Issued by Hashdex, the Hashdex XRP ETF aims to provide direct and indirect exposure to XRP for institutional investors.

世界上第一个名为XRPH11的XRP ETF于4月25日开始在巴西的B3证券交易所进行交易。由Hashdex颁发，Hashdex XRP ETF旨在为机构投资者提供直接和间接的XRP敞口。

XRPH11 will invest at least 95% of its assets in XRP, according to the company’s announcement. As of the launch day, no official trading volume for XRPH11 has been disclosed. However, Hashdex confirmed on its website that the Brazil XRP ETF is live.

根据该公司的宣布，XRPH11将在XRP中至少将其资产的至少95％投资。截至发布当天，尚未披露XRPH11的官方交易量。但是，Hashdex在其网站上证实了巴西XRP ETF现场直播。

Earlier, Brazil also approved the first Solana ETF. With XRPH11, Brazil again moves ahead of several countries, where the XRP ETF approval process remains slower.

早些时候，巴西还批准了第一个Solana ETF。借助XRPH11，巴西再次领先于几个国家，XRP ETF批准过程仍然较慢。

Hashdex XRP ETF Targets Institutional Investors

Hashdex XRP ETF针对机构投资者

Samir Kerbage, Chief Investment Officer of Hashdex, explained the strategy behind XRPH11 in a statement to local media. He said,

Hashdex首席投资官Samir Kerbage在向当地媒体的声明中解释了XRPH11背后的战略。他说，

“XRPH11 is part of Hashdex’s line of mono-asset funds, such as the ETFs BITH11, ETHE11 and SOLH11. The focus of these ETFs is sophisticated investors, such as institutional investors who want to build crypto portfolios on B3.”

“ XRPH11是Hashdex的单资产基金系列的一部分，例如ETFS BITH11，ETHE11和SOLH11。这些ETF的重点是成熟的投资者，例如希望在B3上建立Crypto Portfolios的机构投资者。”

Hashdex first pursued approval for the Hashdex XRP ETF in February. The company had previously worked on several crypto ETF proposals in the U.S. However, it decided to focus efforts on Brazil’s growing market two years ago.

Hashdex于2月首次获得Hashdex XRP ETF的批准。该公司以前曾在美国做出了几项加密ETF提案，但两年前它决定将精力集中在巴西不断增长的市场上。

Hashdex already operates other funds like BITH11 for Bitcoin, ETHE11 for Ethereum, and SOLH11 for Solana. The launch of XRPH11 expands the firm’s single-asset crypto ETF lineup.

Hashdex已经经营其他资金，例如BITH11，用于比特币，以太坊的Ethe11和Solh11 for Solana。 XRPH11的发布扩大了公司的单资产加密ETF阵容。

Brazil XRP ETF Launch Faster Than U.S. Approvals

巴西XRP ETF的推出速度比美国批准快

The Brazil XRP ETF moved from approval to trading within two months, with approval granted in February and launch in April. By comparison, several U.S. applications for XRP ETF approval are still waiting for regulatory clearance.

巴西XRP ETF在两个月内从批准转向交易，并于2月批准并于4月启动。相比之下，美国的几项XRP ETF批准应用程序仍在等待监管清除率。

While U.S. regulators have hinted at possible approvals, no XRP ETF has been allowed so far. Meanwhile, Brazil continues to show faster progress in offering regulated crypto investment options.

尽管美国监管机构已经暗示了可能的批准，但到目前为止，不允许XRP ETF。同时，巴西在提供受监管的加密投资选择方面的进展更快。

According to Polymarket XRP ETF odds, there is currently a 74% chance of an XRP ETF approval in the U.S. by the end of this year. However, the American market remains slower than Brazil’s quick launch.

根据Polymarket XRP ETF的赔率，目前在今年年底之前在美国获得XRP ETF批准的可能性为74％。但是，美国市场仍然比巴西的快速推出。

As of now, there is no public trading data available for XRPH11 on its first day. Analysts and investors are watching how the Brazil XRP ETF will perform in its early days of trading.

截至目前，XRPH11的第一天还没有公共交易数据。分析师和投资者正在关注巴西XRP ETF在交易初期的表现。

Last year, the Brazilian Solana ETF saw little immediate market impact after launch. There are concerns that XRPH11 might experience a similar pattern, especially amid recent weak movements in XRP’s price.

去年，巴西索拉纳ETF发射后几乎没有立即影响市场的影响。人们担心XRPH11可能会出现类似的模式，尤其是在最近XRP价格较弱的动作中。

Even without public trading data yet, XRPH11 represents an important case study.

即使没有公共交易数据，XRPH11也代表了一个重要的案例研究。