Historic Moments for Ripple (XRP): A First Has Occurred! Does a Rally Ignite with Chain Reaction?

Hashdex has launched the world's first spot XRP exchange-traded fund in collaboration with Genial Investimentos, (ETF). The fund, listed under the ticker XRPH11, has started trading on Brazil's B3 exchange.

The XRPH11, which tracks the Nasdaq XRP Reference Price Index, is designed to allocate at least 95% of its net assets directly to XRP. Hashdex stated that exposure to XRP can be achieved through direct coin ownership, futures contracts that replicate the performance of the index, or other financial instruments that reflect Nasdaq's benchmark.

In the US, XRP Spot ETFs have not yet been approved, but Bloomberg analysts believe that many altcoin ETFs, including XRP, will eventually be approved under the Trump administration.

This launch marks Hashdex's ninth ETF offering on B3 and is already expanding the single-asset crypto ETF series that includes products linked to Bitcoin (BTC), Ethereum (ETH) and Solana (SOL).

According to Hashdex’s chief investment officer Samir Kerbage, the new ETF aims to attract sophisticated investors and institutions looking to create crypto portfolios within Brazil’s regulated stock market framework. Kerbage argued that XRPH11 is compliant with regulatory standards for fund security and transparency, and expands investors’ access to digital assets.