Brazil Outflanks U.S. with First-Ever XRP ETF Launch—Wall Street Left Playing Catch-Up
In a move that’s equal parts bold and ironic, Brazil’s financial markets just greenlit the world’s first XRP ETF—while U.S. regulators remain tangled in their own red tape. The fund, now live for trading, offers direct exposure to Ripple’s embattled token without the custody headaches. No surprise: it’s already drawing capital from institutions tired of waiting for the SEC to make up its mind.
Why Brazil? Flexible crypto frameworks and a hunger for dollar alternatives. Why not the U.S.? Take your pick: lawsuits, political posturing, or that quaint belief that investors need ‘protection’ from their own decisions. Meanwhile, São Paulo’s traders are stacking XRP at institutional scale—proving yet again that innovation thrives where bureaucrats step aside.
Wall Street’s loss is LatAm’s gain. And if history’s any guide, the U.S. will finally approve an XRP ETF—right around the time Brazil launches its AI-powered hedge funds.
XRP has just reached a major milestone with the launch of its first-ever ETF in Brazil. This exciting move could bring more investors into XRP and open the door for bigger developments in the United States.
With experts predicting that billions of dollars could soon flow into XRP products. However, this could pump the XRP price by 1000%.
First XRP ETF Goes Live in Brazil
In a big win for the XRP community, Brazil’s B3 stock exchange has launched the world’s first XRP ETF. The fund, called XRPH11, is managed by Hashdex and Genial Investimentos.
It will track the Nasdaq XRP Reference Price Index, making it easier for investors to gain SAFE and regulated exposure to XRP.
According to Hashdex, the ETF will invest at least 95% of its assets directly in XRP or in other products like futures contracts that copy XRP’s price movements. This setup allows both regular and big investors to invest in XRP without needing to own or store the cryptocurrency themselves.
Brazil Moves Ahead, US Still Waiting
Interestingly, this major step happened in Brazil, not in the United States, where Ripple is based. In the US, companies like Grayscale and Franklin Templeton have already filed for XRP ETFs, but they are still waiting for approval from the SEC.
Meanwhile, the demand for XRP-related investment products is growing fast. As of April 18, XRP-focused ETPs had about $950 million in assets under management, according to CoinShares. Just last week, XRP funds saw $37.7 million in new money, leading all other crypto funds.
Even bigger things could be on the horizon. JPMorgan predicted earlier this year that XRP products could pull in up to $8 billion — almost eight times more than today.
XRP Price Outlook
Even after this big news, XRP’s price hasn’t moved much. It is still trading around $2.20, with only a small 0.8% rise in the last 24 hours. But many believe that if an XRP ETF gets approved in the US, the price could shoot up.
Although XRP has been moving slowly for some time, signs are starting to look more exciting. In the past, when gold slowed down after a strong rally, XRP went up by 1,000%.
Now, with gold pulling back again, some experts think XRP could rise sharply and even reach $24 this year.
