Brazil launches world's first Ripple XRP ETF on B3: Stock Exchange
- XRP Brazil ETF: historic launch on B3 with XRPH11
- Hashdex Expands Cryptocurrency ETF Portfolio
- Expectations for US XRP ETF approval grow
The world’s first ETF to track the spot price of XRP has officially launched launched in Brazil in 2025. The Hashdex Nasdaq XRP Index Fund (Hashdex Nasdaq XRP FI) began trading on the B3 on April 25, under the code XRPH11, marking an important step towards the integration of cryptocurrencies into the traditional Brazilian financial market.
The fund is managed by Hashdex and administered by Genial Investments, with Genial Bank as the official custodian. The Brazilian Securities and Exchange Commission (CVM) approved the application in February, allowing the creation of the ETF linked to the price of XRP. Prior to this, Hashdex had already received authorization to launch the Solana ETF (SOLH11), reinforcing its expansion in the sector.
During the pre-operational phase, the fund went through the structuring stages before starting active trading. Now, XRPH11 replicates the XRP Reference Price Index (NQXRP), reflecting the spot prices of the asset on several global exchanges.
The ETF invests at least 95% of its net assets in XRP and related assets, such as bonds and futures contracts linked to the index. XRPH11 currently has a net asset value of approximately US$40 million.
The fund's cost structure includes administration, management and distribution fees of up to 0,7% per year, plus a maximum custody fee of 0,1%. There is no structuring fee charged.
With the launch of XRPH11, Hashdex now has nine cryptocurrency ETFs listed on B3. Samir Kerbage, the manager's CIO, highlighted that the new fund is part of the line of single-asset ETFs, which already includes BITH11, ETHE11 and SOLH11, aimed at sophisticated investors.
In addition to the progress in Brazil, the market is also closely monitoring the possible approval of an XRP ETF in the United States, which could represent an important milestone for the asset's appreciation. It is worth remembering that there is also the possibility of Ripple carrying out the company's IPO on American soil, a move that, if confirmed, tends to further boost the price of XRP on the global market.
XRP is currently priced at around $2,20, with a market cap of around $128 billion and a daily trading volume of around $3,1 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Federal Reserve meeting minutes turn "hawkish"! Most officials support another rate hike this year, US dollar continues to rise
The latest minutes released by the Federal Reserve show that all 19 officials support a rate hike in September, and most participants believe that further interest rate increases may still be needed before the end of the year.
High yields on US Treasuries start attracting buyers; $39 billion 10-year Treasury auction sees strong demand as long-end yields give back gains
U.S. Treasury bonds showed mixed performance on Wednesday after a $39 billion 10-year Treasury auction saw strong demand, indicating that as yields reach multi-decade highs, some major investors are starting to re-enter the market.
Overnight U.S. Stocks | Federal Reserve officials expect another rate hike before the end of the year, three major indexes closed lower, Micron Technology (MU.US) rose 4%
At the close, the Dow Jones Industrial Average fell by 341.41 points, down 0.66%, to 51,179.87 points; the S&P 500 Index dropped by 17.20 points, down 0.22%, to 7,801.73 points; and the Nasdaq Composite Index declined by 61.20 points, down 0.22%, to 27,538.69 points.
Federal Reserve meeting minutes: All 19 policymakers support a rate hike in September, but reasons vary; most expect further hikes this year, suggesting no urgency in October.
Most officials view a September interest rate hike as an "insurance" measure against stubborn inflation; a minority see it as a necessary step to curb inflation. Overall, there is no indication of a desire to push for consecutive rate hikes. The "New Fed News Agency" emphasized the minutes: "Most participants believe that it may be appropriate to raise interest rates again before the end of the year." Nearly all officials believe inflation remains elevated and the labor market is close to full employment. Many noted that, despite the rise in long-term U.S. Treasury yields, financial conditions are still conducive to economic growth. Some officials believe that AI will boost investment and productivity, but may also contribute to inflation. The minutes revealed that the U.S.-Japan joint intervention in July to support the yen was a U.S. Treasury action, with no Federal Reserve funds used.
Crypto prices
More
