In the Cryptocurrency sector, Brazil has taken a historical step and has made the world’s first Spot XRP ETF forming. This launch shows the rapidly growing grip of Brazil in the world of global digital finance. This starts trading on the B3 Stock Exchange on 25 April 2025, it opens the way to include major cryptocurrency like ETF, XRP directly into investors’ portfolio. This step will not only increase innovation in Brazil’s financial market, but will also set an example for other countries in the future.
HashDex and Genial Investments Partnership
On 25 April 2025, this new ETF, named XRPH11 on Brazil’s main stock exchange B3, became available for trading. It is the major digital asset manager of the country Hashdex Is made by and manage Genial investment While being done by Genial store Is fulfilling the responsibility of custody. XRPH11 straight Ripple The developed cryptocurrency tracks the real time prices of XRP, which makes it different from other crypto funds.
95% investment in XRP, attractive fee structure
The fund was launched in February 2025 from Brazil’s Securities and Trade Fee (CVM). According to government documents, at least 95% of the assets of this ETF will be invested in XRP or related financial products. Currently the total value of XRPH11 is around $ 40 million. The management and administration fee of the fund is kept up to 0.7%, while the custody fee is a maximum of 0.1%. The special thing is that no structure fees are being charged in it, which makes it more beneficial for investors.
Brazil again shows leadership in digital finance
Chief Investment Officer of Hashdex, Samir Kerbage Said that his goal is to provide simple and safe access to the crypto markets for institutional investors. With the launch of XRPH11, Hashdex is now operating other crypto ETFs like Bitcoin (BITH11), Ethereum (Ethe11) and Solana (SOLH11) on B3. At the same time, expectations of approval of XRP and Solana Spot ETFS are increasing in the US and experts believe that their launch may attract an investment of up to $ 14 billion. It is believed that by this step XRP Worth Chances of growing
Conclusion
Brazil has proved that he is not afraid to take big and bold steps in the world of digital finance. While the rest of the countries are currently considering rules and regulations, Brazil has taken a concrete initiative. XRPH11 Forming Global Crypto can prove to be a new chapter for investment and may also inspire other countries to move forward on this path.
