XRP Launches First ETF, XRPH11, on Brazil’s B3 Exchange

Brazil’s B3 stock exchange has witnessed a groundbreaking development as XRP launched its first ever exchange-traded fund (ETF), XRPH11. The fund, managed by Hashdex and Genial Investimentos, targets sophisticated institutional investors eager to gain exposure to the cryptocurrency market. This launch marks a significant step forward for XRP, potentially boosting liquidity and investor interest.