TLDR

XRPH11 is the first XRP ETF in the world, launched in Brazil
Approved by Brazil’s CVM in February 2025
Tracks Nasdaq XRP Index with over 95 percent in XRP
Annual fees include 0.70 percent admin and 0.10 percent custody
May boost global interest in XRP and crypto ETFs

 

Hashdex has launched the XRPH11 ETF on Brazil’s B3 stock exchange. This fund is the first exchange-traded fund linked to XRP in the world. The listing offers investors a secure and regulated channel to access one of the leading digital assets in cross-border payments. This launch follows the regulatory approval the Brazilian Securities and Exchange Commission granted in February.

🚀 XRPH11 – The world’s first XRP ETF. Another crypto milestone on the Brazilian stock exchange! 🇧🇷

Hashdex just launched XRPH11, giving investors secure and regulated access to $XRP — one of the leading #crypto assets focused on fast, low-cost international payments. pic.twitter.com/kpokQP5NM4

— Hashdex (@hashdex) April 25, 2025

The XRPH11 ETF tracks the Nasdaq XRP Reference Price Index, which reflects the price of XRP across major trading platforms. The fund allocates 95% of its equity daily to XRP. The combination of direct holdings and futures contracts aims to replicate the index’s performance precisely and efficiently.

Regulatory Approval and Listing Details

The Brazilian Securities and Exchange Commission approved the XRPH11 ETF in February 2025. The CVM decision signaled growing acceptance of digital asset products in Brazil’s regulated financial markets. Genial Investimentos manages the fund through the asset manager Hashdex. The regulatory approval followed the successful launch of mono-asset ETFs tied to Bitcoin and Ethereum in previous months.

XRPH11 began trading at an intraday share price of R$19.76. On its first day of trading, the ETF’s net equity stood at R$551,217,650. Hashdex set a maximum custody fee of 0.10 percent per year. The administration fee is 0.70 percent annually. These competitive rates align with global standards for crypto-linked ETFs and local market norms.

Fund Management and Investment Strategy

Hashdex positions the XRPH11 ETF as part of its single-asset fund series, which includes BITH11 for Bitcoin and ETHE11 for Ethereum. The fund manager emphasizes transparency and compliance with local regulations. The ETF targets sophisticated investors seeking structured exposure to digital assets within a regulated framework.

Investors will benefit from the ETF’s strategy of investing directly or indirectly in XRP. Futures contracts replicate the performance of the Nasdaq XRP Reference Price Index. Other financial instruments may also mirror the index and manage liquidity. This approach aims to maintain alignment with the benchmark’s daily price movements and reduce tracking error.

Market Significance and Potential Impact

The launch of the XRPH11 ETF marks a milestone in crypto asset adoption in Latin America. Other managers, such as HashKey Capital and Teucrium, have announced plans for XRP funds overseas. This trend highlights growing institutional interest in XRP and its role in cross-border payments and global remittance solutions.

The XRPH11 ETF may pave the way for similar products in larger markets. Institutional investors in Brazil can now include XRP in diversified portfolios on a regulated exchange. Moreover, performance data from XRPH11 may inform decisions by regulators and asset managers globally. This development may influence the broader adoption of blockchain-based financial products and support the growth of tokenized asset markets.

 

The post Hashdex First XRP ETF Begins Trading in Brazil’s B3 appeared first on CoinCentral.

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Filed under: News - @ April 26, 2025 3:24 am