Hashdex has launched the world’s first spot XRP ETF, XRPH11, on Brazil’s B3 stock exchange, tracking the Nasdaq XRP Reference Price Index and investing at least 95% of its assets in XRP. Managed by Genial Investimentos, the fund targets sophisticated investors and aims to expand access while ensuring safety and transparency. XRP-related ETPs currently have $950 million in AUM, with JPMorgan predicting potential growth to $8 billion, though Brazil represents just 0.9% of the global crypto ETP market. Source: CryptoSlate
