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Brazil’s B3 Debuts Pioneering Spot ETF

  • Brazil launched the world's first spot XRP ETF, ticker XRPH11, on its B3 stock exchange April 25.
  • This pioneering product launched after rapid regulatory approval from Brazil's Securities and Exchange Commission in February.
  • Managed by Hashdex, the fund tracks the XRP Reference Price Index and allocates over 95% of assets to XRP.
  • The fund, Hashdex's ninth crypto ETF on B3, already holds a net worth nearing $40 million.
  • The launch builds momentum for crypto ETFs globally as US regulators consider similar products potentially attracting large investment.
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coinsurges.com broke the news on Friday, April 25, 2025.
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