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- Ripple’s XRP is now accessible through Brazil’s first regulated ETF, XRPH11, launched by Hashdex on the B3 exchange.
- The product is the world’s first spot ETF tracking XRP’s price, approved by Brazil’s Securities and Exchange Commission (CVM).
- Hashdex now offers nine crypto ETFs, solidifying Brazil’s role as a leader in crypto investment innovation.
Brazilian investors can now gain direct exposure to Ripple’s XRP through a regulated exchange-traded fund (ETF), as Hashdex officially launches the Hashdex Nasdaq XRP Fundo de Índice (XRPH11) on B3, according to a press release from Valor Econômico.
The landmark product marks the world’s first spot ETF to track the price of XRP, Ripple Labs’ native cryptocurrency. Rio-based digital asset manager Hashdex manages the ETF, and Genial Investments Securities Brokerage SA administers it. Brazil’s Securities and Exchange Commission (CVM) approved the ETF earlier this year, making it possible.
XRPH11 mirrors the XRP Reference Price Index (NQXRP)—a benchmark created to reflect the spot price of XRP across multiple major cryptocurrency exchanges. According to the fund’s official documents, at least 95% of its net assets will be invested directly in XRP or related digital assets, with the remainder allocated to associated financial instruments like futures contracts.
The ETF officially began trading under the ticker XRPH11 on April 25. During the pre-operational phase, the fund’s managers structured it and ensured it complied with regulatory standards.
Currently, XRPH11 holds nearly $40 million in assets under management (AUM), a significant initial showing for a single-asset crypto ETF. The fund’s fee structure includes a maximum global fee of 0.7% annually covering administration, management, and distribution, along with a 0.1% annual custody fee. Notably, no structuring fees are levied on the ETF.
Brazil Leads the Way with Ripple XRP ETF from Hashdex
The debut of XRPH11 further strengthens Hashdex’s position as a pioneer in digital asset investment vehicles. With this launch, the firm now offers nine crypto ETFs on B3, including single-asset products such as BITH11 (Bitcoin), ETHE11 (Ethereum), and SOLH11 (Solana).
“This fund adds to our growing lineup of mono-asset ETFs, aimed at meeting the increasing demand from sophisticated investors and institutions looking to integrate crypto into their strategies,” said Samir Kerbage, Chief Investment Officer at Hashdex.
The CVM’s approval of the XRP ETF followed its previous endorsement of Hashdex’s spot Solana ETF last August, signaling Brazil’s progressive stance toward crypto innovation and regulation.
The historic move could pressure regulators in other jurisdictions, particularly the United States, where fund issuers and investors are eagerly awaiting the SEC’s decision on spot XRP and Solana ETFs. According to recent research by JPMorgan, these products could attract up to $14 billion in new institutional capital if approved.
As Brazil takes the lead, Hashdex’s XRP ETF is being closely watched by market participants around the globe, potentially paving the way for broader adoption of regulated crypto investment vehicles tied directly to real-time asset prices.
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