Hashdex launched the first ETF XRP Spot in the world – XRPH11. The fund follows the NASDAQ XRP index and invests at least 95% of its assets directly in XRP. It targets institutional and advanced investors looking for regulated exposure to the cryptography market on the capital markets in Brazil.
The first stock market on XRP spots in the world (ETF), issuing By Hashdex and managed by Gential Investmentos, began to negotiate itself on April 25 on Brazil Stock Exchange. Registered under the Ticker Xrph11, the ETF follows the NASDAQ XRP reference price index and, according to Hashdex, will allocate at least 95% of its net assets to XRP. The introduction of the fund marked the ninth Hashdex ETF on the Brazilian exchange.
The launch has expanded Hashdex ETF offers on B3, which also includes products based on Bitcoin (BTC), Ethereum (ETH) and Solana (Sol). The asset manager can use direct or indirect investments in term contracts aimed at reproducing the performance of the NASDAQ XRP reference index or other financial instruments which reflect the price of XRP as defined by the reference of NASDAQ to give exposure.
Hashdex launches the XRPH11 Spot ETF on Brazil B3
🚀 XRPH11 – The first ETF XRP in the world. Another important step on the Brazilian scholarship! 🇧🇷
Hashdex has just launched XRPH11, giving investors secure and regulated access to $ XRP – one of the main #crypto The active ingredients focused on fast and low cost international payments. pic.twitter.com/kpokqp5nm4
– hashdex (@hashdex) April 25, 2025
Hashdex launched the first world spot and FT managed by Gential Investmentos, marking a pioneering development in Cryptographic Investment Products in Brazil. The asset manager has exploited Genial Bank SA as a guardian of the ETF.
Samir Kerbage, Cio de Hashdex, revealed that it was the ninth ETF that the active manager had launched on B3. He has expanded the possibilities of diversification and exposure to digital assets with safety, transparency and alignment with regulatory directives. According to Kerbage, the fund aims to attract sophisticated investors, including institutions that seek to build cryptographic portfolios on the infrastructure of the Brazil equity market.
Brazil represents only 0.9% of the global AUM of ETP Crypto, although Hashdex has obtained one step ahead in the conquest of this market. XRPH11 must find a global appeal to reach a notable alms that will give Hashdex a place in the global cryptography space. However, JPMorgan's prediction in January suggested that these products could attract up to 8 billion dollars in net flows, which exceeded their current AUM size eight times. The XRP funds would have recorded the strongest weekly entries among other ETPs linked to the crypto last week, with around $ 37.7 million allocated.
Brazil previously launched an ETF of Solana in 2024, which failed to draw a significant attention or volume of negotiation. In this case, the success of XRPH11 may not be guaranteed. However, the underperformance of XRPH11 could disappoint investors and affect the price of XRP in the short term.
FNB XRPs have not yet been launched in the United States despite several dry applications in the United States
Large asset managers such as Grayscale and Bitwise applied to launch XRP registered with the United States Securities and Exchange Commission (SEC). The Polymarket prediction platform shows A probability of 74% that the United States approved an ETF XRP Spot in 2025. On March 26, Polymarket gave 86% like that an ETF product based on XRP is approved this year. However, users have only 42% chance that an XRP ETF is approved before July 31.
Nate Geraci, the president of the ETF Store, said that the approval of an XRP ETF was as follows. He added that it was “obvious” and only a matter of time before the dry in the United States approached an ETF XRP. The executive also predicted that asset managers like Blackrock and Fidelity would be involved in the asset offer.
The former American president of SEC, Gary Gensler, has repeatedly cited the absence of a regulated long -term market as a red flag for market manipulation when you refuse the previous applications of ETF Altcoin. However, the introduction of the agency's new Pro-Crypto president, Paul Atkins, means that the essential excuse of the dry in the United States to deny the ETF Altcoin, at least for XRP, would perhaps have been supported on the body.
Cryptopolitan Academy: tired of market swings? Find out how Defi can help you create a stable passive income. Register
