Hashdex Drops First-Ever Spot XRP ETF—Brazil’s B3 Beats Wall Street to the Punch

In a move that’ll have US regulators grinding their teeth, Hashdex just launched the world’s first spot XRP ETF on Brazil’s B3 exchange. Who needs SEC approval when you’ve got tropical financial innovation?

The fund tracks XRP’s live price—no futures, no synthetic exposure. Finally, institutional investors can ride Ripple’s rollercoaster without babysitting crypto wallets.

Brazil’s market outmaneuvers the States (again) while Wall Street still debates whether crypto is ’real.’ Maybe they’re too busy counting their 2-and-20 fees to notice the revolution.

• Hashdex’s XRP ETF tracks Nasdaq Reference Price Index for XRP.
• Brazil’s CVM approval sets stage for global crypto ETF growth.
• ETF fee structure includes 0.7% management, 0.1% custodian.

Brazil has launched the first ever spot XRP exchange-traded fund (ETF) in the cryptocurrency market. On April 25th 2025 the new ETF, under its ticker symbol XRPH11 debuted on the B3 stock exchange. Hashdex Asset manager,which launched the ETF, has partnered with Genial Investimentos which will manage the fund’s assets.

The Hashdex Nasdaq XRP Fund de Índices provides investors with indirect exposure to XRP, the third-largest cryptocurrency in market capitalization. This ETF tracks the Nasdaq XRP Reference Price Index that shows XRP’s spot price across major exchanges. The ETF invests at least 95% of its assets in either XRP and related elated assets such as futures contracts and securities.

🚀 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

XRP ETF Approval 

In February 2025, Hashdex obtained approval to launch the XRP ETF from the Brazilian Securities and Exchange Commission (CVM). The launch follows the approval of Hashdex’s Solana spot ETF in 2024. The XRP ETF launch is part of Hashdex’s efforts to diversify its product line-up which include Bitcoin, Ethereum and Solana ETFs.

XRP ETF investors must pay an annual 0.7% management fee and an additional  0.1% fee for asset custody. The fee structure aims to provide investment opportunities for institutions and retail investors who seek diversified exposure to the cryptocurrency market.

Impact of XRP ETF launch On Crypto Markets and Brazil

The  ETF launch has prompted  the U.S to speed up the approval of similar products. Although XRP originates in the U.S the country has not launched any spot XRP exchange-traded fund (ETF). 

Ripple, which operates XRP, recently resolved regulatory issues with the U.S. Securities and Exchange Commission (SEC) . The U.S continues to face increased competition from international markets such as Brazil. 

The debut of the XRP spot ETF in Brazil could influence the global financial markets. JPMorgan analysts state that the SEC approval of spot Solana and XRP ETFs could attract up to $14 billion in investments. Major assets managers such as Grayscale and Franklin Templeton have submitted applications for XRP ETFs in the  U.S.

The first ever spot XRP ETF  launch  strengthens Brazil’s position as a crypto hub in Latin America. Hashdex continues to expand its crypto-based ETFs portfolio and offer investment products that focus on investor needs. The spot XRP ETF launch in Brazil puts pressure on the U.S. to deliver similar opportunities for investors in future.