Big news for XRP fans and crypto investors worldwide:
Brazil just made history, launching the first-ever spot XRP ETF, and it’s already live!

Introducing XRPH11, issued by Hashdex and managed by Genial Investimentos, this brand-new fund started trading on Brazil’s B3 stock exchange on April 25.
While the U.S. is still stuck in regulatory quicksand, Brazil’s no-wait launch shows why it’s quickly becoming a global crypto powerhouse.

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What Is XRPH11 — And Why It’s a Big Deal 🎯

XRPH11 isn’t just another crypto product.
Here’s what makes it special:

• Tracks the Nasdaq XRP Reference Price Index
• 95%+ of its assets are directly (or indirectly) tied to XRP
• Mix of spot XRP holdings, futures, and crypto instruments

This is Hashdex’s ninth crypto ETF listed on B3 — joining their earlier Bitcoin, Ethereum, and Solana ETFs.

Although early trading volume hasn’t been revealed yet, XRPH11 is live, active, and ready for action.

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Targeting the Big Players: Institutional Investors 🏦

Samir Kerbage, CIO at Hashdex, made it clear:
XRPH11 is built for serious investors — institutions and sophisticated players who want regulated crypto exposure, without the drama.

Transparency, investor protection, and local compliance are baked into the design.
In short: it’s crypto, but safe, smart, and SEC-ready.

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The Bigger Picture: Chasing an $8 Billion Opportunity 💰

Right now, XRP-focused ETFs globally manage about $950 million.
Sounds impressive? It’s just the beginning.

Check this out:

• CoinShares reported $37.7 million inflows into XRP funds just last week — the biggest among all crypto ETPs.
• JPMorgan predicts XRP ETFs could eventually attract up to $8 billion in inflows.

But here’s the catch:
Brazil only makes up 0.9% of the global crypto ETP market.
So, for XRPH11 to really move the needle, it needs to capture international attention.

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Will XRPH11 Succeed — or Struggle? 🧐

Brazil took a bold step forward — but success isn’t guaranteed.

Flashback:
Brazil also launched the first Solana ETF last year… and it didn’t exactly light the market on fire.

Lesson? Even groundbreaking products can flop without mass adoption.

If XRPH11 doesn’t attract enough investment, it could actually put downward pressure on XRP’s price in the short term.
On the bright side, optimism is running high that the U.S. will finally approve a spot XRP ETF soon.

Polymarket odds currently show a 74% chance of a U.S. approval by 2025.
If that happens, it would turbocharge XRP’s global adoption — and XRPH11’s relevance.

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Quick FAQs: What You Need to Know 📝

👉 When Will the U.S. SEC Approve an XRP Spot ETF?
The SEC is expected to respond to pending XRP ETF applications (from firms like Grayscale and 21Shares) by May 22, 2025.
Prediction markets show an 87% chance of approval this year. Buckle up!

👉 Is Hashdex Launching More Crypto ETFs?
Absolutely.
Hashdex has already filed to expand into altcoins like Solana (SOL), Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI) under its Nasdaq Crypto Index US ETF.

👉 Will XRPH11 Impact XRP’s Price?
Yes — at least in the short term.
Increased institutional demand could push prices higher, but expect some short-term volatility as markets adjust.

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Final Thoughts: Brazil Leads, Will the U.S. Follow? 🌎

Brazil just proved that bold action pays off — launching XRPH11 ahead of everyone else.
If XRPH11 catches fire, it could set the tone for the next big wave of crypto ETF launches worldwide.

One thing’s for sure:
Crypto innovation is speeding up, and XRP is right in the middle of the action.

Stay tuned — the next few months could change everything. 🚀