Brazil Introduces First Spot XRP ETF: A Landmark for Crypto Investors

In a groundbreaking move, Brazil has launched the world’s first spot XRP exchange-traded fund (ETF), marking a significant milestone in the cryptocurrency market. Hashdex, a prominent asset manager in Brazil, is responsible for creating and managing this new fund. The ETF replicates the XRP Reference Price Index, with 95% of its assets allocated to XRP and related instruments. This marks Hashdex’s ninth crypto ETF listed on B3.