Brazil Pioneers Crypto Innovation with World’s First Spot XRP ETF Launch
Brazil has made history by launching the world’s first spot XRP exchange-traded fund (ETF), marking a significant milestone in the cryptocurrency and financial sectors. The XRPH11 ETF, developed by Hashdex in collaboration with Genial Investimentos, began trading on Brazil’s leading stock exchange, B3, on April 25, 2025. This groundbreaking product tracks the XRP Reference Price Index, derived from top cryptocurrency exchanges, and is custodied by Genial Bank. The launch underscores Brazil’s growing influence in the crypto space and sets a precedent for other nations to follow. Below is a detailed summary of this landmark event and its implications for the future of XRP and digital assets.
Brazil Becomes First Country to Launch Spot XRP ETF
Brazil has cemented its position as a crypto innovator with the launch of the world’s first spot XRP exchange-traded fund. The XRPH11 ETF began trading on B3, Brazil’s premier stock exchange, on April 25, 2025.
Hashdex, a leading digital asset manager, developed the product in partnership with Genial Investimentos. Genial Bank provides custody services for the fund, which tracks the XRP Reference Price Index derived from top cryptocurrency exchanges.
The approval from Brazil’s Securities and Exchange Commission in February marked a regulatory milestone for Ripple’s native token. market participants now have direct exposure to XRP through traditional investment vehicles.
XRP Price Prediction: $2.20 Holds After Ripple’s $1.25B Move
XRP’s price stabilizes at $2.20 as Ripple’s acquisition of Hidden Road, a prime broker with over 300 institutional clients, nears regulatory approval. The $1.25 billion deal marks a strategic push to integrate the XRP Ledger into traditional finance infrastructure.
Hidden Road plans to migrate its post-trade clearing operations to the XRPL, testing the blockchain’s scalability under institutional workloads. This represents the first crypto-native ownership of a global prime brokerage—a milestone for blockchain’s encroachment into legacy systems.
Market observers eye the $2.30 resistance level as the acquisition amplifies XRP’s utility beyond cross-border payments. Ripple’s maneuver positions the token at the intersection of decentralized networks and institutional capital flows.
First XRP ETF Launches in Brazil, Bypassing U.S. Market
Brazil’s B3 stock exchange has made history with the debut of the world’s first XRP exchange-traded fund. The Hashdex-managed XRPH11 ETF tracks the Nasdaq XRP Reference Price Index, offering institutional investors regulated exposure to Ripple’s digital asset.
Analysts predict the launch could catalyze significant capital inflows into XRP products, with some projecting a potential 1000% price surge. The ETF allocates at least 95% of assets to direct XRP holdings or derivatives mirroring its performance.
This milestone comes as U.S. regulators continue deliberating cryptocurrency ETF approvals, positioning Brazil as an unlikely pioneer in digital asset financialization. Market observers now await potential Ripple effects across global crypto markets.
XRP Community Warned Against Misleading Price Speculation
An XRP community commentator known as "All Things XRP" has raised alarms over baseless price predictions circulating within the ecosystem. A fabricated claim, falsely attributed to Forbes, suggests XRP could surge to $200–$400 within weeks. No such forecast exists from the publication.
Internal criticism has mounted as these unverified claims spread across social media, fostering unrealistic expectations. "You’re hurting the XRP community with fake predictions," the commentator asserted, emphasizing the damage caused by perpetuating misinformation.
Validator Urges Caution Over Unverified Claims of XRP Integration into Federal Banking System
Prominent XRPL validator VET has issued a stark warning to the XRP community against propagating unsubstantiated claims regarding the digital asset’s potential integration into the U.S. federal banking system. The admonition follows a controversial proposal by an entity called WhiteRock, which purportedly seeks to incorporate the XRP Ledger into the nation’s financial infrastructure.
WhiteRock’s April 2025 letter to the Federal Reserve Board of Governors, signed by Noam Levy, requested a meeting to discuss enhancing banking system efficiency through XRPL implementation. While the proposal suggests transformative potential for payment infrastructure, industry experts emphasize the need for rigorous vetting before lending credence to such ambitious claims.
World’s First Spot XRP ETF Launches in Brazil, Paving the Way for Broader Adoption
Brazil has made history with the debut of the world’s first spot XRP ETF, marking a significant milestone for cryptocurrency investment vehicles. Asset manager Hashdex listed the fund on B3, Latin America’s largest stock exchange, on April 25. This development offers Brazilian investors direct exposure to XRP—the $125 billion market cap cryptocurrency that has long been constrained by regulatory challenges.
The launch positions Brazil ahead of the United States in the race for crypto ETF innovation. XRP’s designation as the third-largest cryptocurrency (excluding stablecoins) underscores the importance of this breakthrough. Market observers now watch whether U.S. regulators will follow Brazil’s lead in approving similar products.