Brazil has become the first country to introduce XRP ETFs, providing investors with a new means to leverage the cryptocurrency market.
Hashdex launches XRP ETF on Latin America’s largest exchange
Asset Manager Hashdex listed the XRP Spot ETF on the Brazilian B3 Stock Exchange on April 25. According to reports, the fund has the stock symbol XRPH11 and uses the NASDAQ XRP reference price index to follow the price of XRP.
CVM, Brazil’s Securities and Exchange Commission, approved the ETF in February, which started this week.
The fund will use futures contracts and other securities to target the Nasdaq reference price index, investing at least 95% of its assets in XRP.
Although Hashdex will promote the fund with the “Hashdex Nasdaq XRP Fund DE Index,” the fund management responsibilities will be managed by Genial Investimentos, and Genial Bank SA will serve as the custodian.
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First debuting on the XRP Spot ETF on major Brazilian stock exchanges– Brazil launches the first ever XRP ETF to debut on the B3 Stock Exchange.
– ETF managed by HashDex is set to track the price of XRP using the NASDAQ XRP reference price index.#crypto… pic.twitter.com/xgxtukancr– Global Rashid (@globalrashid007) April 26, 2025
Funding structure includes 0.8% annual administrative expenses
The tools and investors behind the new XRP ETF paid a 0.7% annual management fee, accompanied by a 0.1% custody fee, resulting in a 0.8% annual fee. According to information, structure fees are uncomfortable when collecting funds.
This is the ninth cryptocurrency ETF Hashdex has been listed on the B3 exchange. The company already has the same product that tracks Bitcoin, Ethereum and Solana, indicating an increasing openness to Brazil’s investment in cryptocurrency.
Despite the increased market interest, we still don’t have XRP ETF
The release puts pressure on the United States, and although XRP ETFs were created by a U.S. company, there is no XRP ETF in the United States. The XRP rankings do not include Stablecoins’ third largest cryptocurrency, with a reported market value of over $120 billion.
Ripple, the company most closely related to XRP, has recently made some progress in resolving regulatory matters with the SEC.
This achievement, in addition to the Trump administration’s goal of making the United States “the crypto capital of the world,” also established a more positive atmosphere for crypto regulation in the United States.
As the approval odds increase, asset managers apply for XRP ETF for us
Many large asset managers, such as Grayscale and Franklin Templeton, have made claims for the XRP Spot ETF in the United States. According to analysts, the current probability of obtaining XRP ETF approval in the United States is 73%.
The U.S. did observe the launch of the leveraged XRP ETF last week, but it has not yet been recognized by the on-site ETF. When leading Brazil for such product launches, U.S. regulators will find themselves more pressure to accept this investment option for investors who want to be exposed to XRP but hold directly.
Hashdex’s action marks a milestone in adopting cryptocurrencies into mainstream financial markets, and Brazil now positiones itself as one of the earliest adopters of growing crypto ETFs.
Featured images from Unsplash, charts for TradingView
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