First-Ever XRP Spot ETF Launches on Brazil’s B3 Stock Exchange – Coincu

Hashdex issued the first-ever spot exchange-traded fund (ETF) tied to XRP on April 25, 2025, marking a significant milestone with its listing on Brazil’s B3 stock exchange. Managed by Genial Investimentos, XRPH11 aims to provide institutional investors with regulated crypto exposure.

This ETF, allocating a minimum of 95% of its net assets to XRP, reflects Brazil’s innovative approach to crypto regulation. It uniquely positions Brazil in the global market, setting the stage for potential similar products in other jurisdictions still exploring regulatory precedents.

Brazil’s Pioneering Step into XRP Spot ETFs

The introduction of XRPH11 on Brazil’s B3 stock exchange by Hashdex marks a major step in crypto investment. The ETF primarily targets institutional investors seeking regulated and transparent exposure to XRP. As the first of its kind, it places Brazil ahead of other markets, such as the U.S. and EU, that have yet to approve a similar product.

Immediate implications include a closer link between traditional and crypto financial systems. The ETF’s ability to allocate at least 95% of its assets to XRP aligns with Hashdex’s focus on investor security and regulatory compliance, potentially boosting confidence among institutional investors.

“XRPH11 targets institutional and sophisticated investors seeking regulated crypto exposure in Brazil’s equity market. The product is built around key principles like transparency and investor protection, aligning closely with local regulations.” — Samir Kerbage, Chief Investment Officer, Hashdex

Historical Context, Price Data, and Expert Analysis

Did you know? Brazil also pioneered the first Solana ETF, showcasing its innovative stance in digital asset investments ahead of the U.S. and EU.

XRP’s market data, as of April 26, 2025, shows a trading price of $2.19 with a market cap of approximately $128.03 billion. While the 24-hour trading volume fell by 26.13% to roughly $3.07 billion, XRP’s price increased by 0.55% over the same period according to CoinMarketCap.

Coincu research indicates potential regulatory impacts could arise from Brazil’s proactive stance. This may inspire other countries to explore similar crypto products, amplifying competitive market dynamics and encouraging technological advancements in secure crypto investments.