World’s first XRP ETF launches in Brazil

Hashdex’s XRP ETF, dubbed XRPH11, began trading today on Brazil’s B3 stock exchange, making it the world’s first XRP-focused ETF. Approved in February, XRPH11 will invest at least 95% of its assets in XRP through direct and indirect holdings, targeting institutional investors. Brazil previously approved the first Solana ETF last year. According to BeInCrypto, while trading volume for XRPH11 is not yet public, its performance may offer insights as the U.S. continues to consider altcoin ETF approvals.