In a historic milestone, Brazil has launched its first-ever XRP spot exchange-traded fund (ETF) – XRPH11. This groundbreaking move by Hashdex, in partnership with Genial Investimentos, brings regulated access to the cryptocurrency market for institutional investors seeking exposure to XRP within the country’s capital markets. Launched on April 25th on Brazil’s B3 stock exchange, XRPH11 tracks the Nasdaq XRP Reference Price Index and allocates at least 95% of its assets directly to XRP. This marks Hashdex’s ninth ETF launch on B3, expanding their single-asset offerings beyond Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The fund aims to deliver secure and regulated exposure through either direct or indirect investment in futures contracts designed to replicate the Nasdaq XRP Reference Price Index performance, or other financial instruments mirroring XRP’s price as defined by Nasdaq.