The post XRP News Today: XRP Shines as Brazil Launches World’s First Spot XRP ETF on B3 Exchange appeared on BitcoinEthereumNews.com.

In a historic moment for the Ripple XRP news landscape, Brazil’s B3 stock exchange has officially launched the world’s first spot XRP ETF, signaling a major leap toward mainstream crypto adoption. Managed by Hashdex and administered by Genial Investimentos, the XRPH11 ETF offers investors a regulated, secure, and efficient gateway to XRP exposure without the need to directly hold or manage the token. The XRPH11 fund tracks the Nasdaq XRP Reference Price Index and is designed to invest at least 95% of its assets directly in XRP or XRP-related derivatives. Samir Kerbage, Chief Investment Officer at Hashdex, commented, “XRPH11 is part of our mono-asset fund line, aimed at sophisticated and institutional investors looking to diversify their crypto portfolios on B3.” This development marks a significant milestone not only for the Ripple market but also for the broader crypto investment ecosystem. By providing regulated access to Ripple crypto through the B3 exchange, Brazil has positioned itself as a progressive player in global digital asset markets. Brazil Moves Ahead, U.S. Still Waiting While Brazil celebrates this pioneering move, the United States—home to Ripple Labs—continues to grapple with regulatory delays. Despite multiple XRP ETF applications from firms like Grayscale and Franklin Templeton, the U.S. Securities and Exchange Commission (SEC) has yet to greenlight any XRP-focused products. Brazil’s B3 exchange just made history with XRPH11, the world’s first XRP ETF launched by Hashdex. Source: Hashdex via X Interestingly, XRP-related investment vehicles are gaining traction globally. According to CoinShares, XRP-focused exchange-traded products amassed about $950 million in assets under management as of mid-April. Last week alone, XRP funds saw an impressive $37.7 million in inflows, outpacing all other crypto funds. JPMorgan analysts have predicted that spot XRP ETFs could attract up to $8 billion in net inflows if approved in major markets—a forecast that could…

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Filed under: News - @ April 26, 2025 8:21 pm