Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Brazil Unveils World’s First Spot XRP ETF

Brazil Unveils World’s First Spot XRP ETF

BitcoininfonewsBitcoininfonews2025/04/26 12:11
By:Bitcoininfonews
What to Know:
  • The first spot XRP ETF launches in Brazil on April 25, 2025.
  • Key players include Hashdex and Genial Bank SA.
  • The milestone offers regulated exposure to XRP for investors.
Brazil Unveils World’s First Spot XRP ETF

Brazil’s launch of the spot XRP ETF is a landmark event for cryptocurrency investors. Hashdex, a Brazilian asset manager, is responsible for creating and managing the fund, marking its ninth crypto ETF on B3. Samir Kerbage, Chief Investment Officer at Hashdex, highlighted the ETF is designed for sophisticated investors. The fund replicates the XRP Reference Price Index, utilizing 95% of its assets in XRP and related instruments.

“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.” – Samir Kerbage, Chief Investment Officer, Hashdex

XRP ETF to Spur Institutional Interest

The ETF’s introduction could increase institutional investment in XRP, providing mainstream exposure to the cryptocurrency. There are potential financial shifts for XRP’s market, given the ETF’s nearly $40 million net worth. Experts suggest this could lead to rising interest in cryptocurrency ETFs globally , possibly impacting regulatory decisions, especially in the U.S., according to JPMorgan analysts.

Brazil’s Leadership in Crypto ETFs Continues

This event follows Brazil’s first crypto ETFs for assets like Bitcoin and Solana. The country remains a leader in crypto regulatory approvals, potentially influencing other regulators. Given the history and analyst insights, such ETFs may attract significant investments. With a successful track record, Brazil’s approach might serve as a model for other markets evaluating cryptocurrency ETFs.

Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor.
0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Movemaker and Alcove Launch $200K Crypto Blockchain Security Initiative

Movemaker, the official Chinese-speaking community for Aptos, and alcove, Asia’s pioneering Move developer organization, have launched a $200,000 open-source initiative aimed at enhancing the security and reliability of smart contracts on the Aptos blockchain.

DeFi Planet2025/06/03 23:00
Movemaker and Alcove Launch $200K Crypto Blockchain Security Initiative

Australia Imposes New Crypto ATM Rules to Combat Rising Scams

Australia’s financial intelligence agency, AUSTRAC, has introduced strict new rules for cryptocurrency ATM operators as part of a crackdown on scams targeting older Australians.

DeFi Planet2025/06/03 23:00
Australia Imposes New Crypto ATM Rules to Combat Rising Scams

Helium Wars Testnet Ignites Web3 Gaming Surge on SEI Network

Helium Wars, a highly anticipated AAA third-person shooter built on blockchain technology, launched its official Testnet on the SEI Network, attracting overwhelming participation on its first day.

DeFi Planet2025/06/03 23:00
Helium Wars Testnet Ignites Web3 Gaming Surge on SEI Network

Ethereum Foundation Restructures to Strengthen Design and Development

The Ethereum Foundation, the non-profit organization supporting the Ethereum blockchain, has announced a significant restructuring aimed at enhancing the design and development of the world’s second-largest blockchain network.

DeFi Planet2025/06/03 23:00
Ethereum Foundation Restructures to Strengthen Design and Development