XRP’s First ETF Launches in Brazil, Driving Institutional Interest

Brazil has become the first country to launch an XRP exchange-traded fund (ETF), a significant development for Ripple and the cryptocurrency industry. Hashdex and Genial Investimentos launched XRPH11 on B3, allowing institutional investors to gain regulated exposure to XRP. The move marks another step forward in Brazil’s proactive approach to crypto regulation. 6% price increase after launch highlights market interest.