Brazil Makes History: World’s First XRP ETF Officially Launched

Brazil has once again made a breakthrough in the digital asset world. On April 26, 2025, the country officially launched the world’s first XRP ETF, named XRPH11, on the B3 stock exchange.

This ETF becomes an innovative product managed by Hashdex, one of the leading crypto asset managers, and is now a hot topic within the global investment community.

This launch serves as concrete proof of how Brazil is moving faster compared to the United States, where the regulatory process for crypto-based ETFs is still proceeding slowly.

With this bold move, Brazil reinforces its position as one of the most progressive markets for digital asset innovation.

Hashdex and Its Grand Vision for Institutional Investors

Based on information we quoted from Beincrypto, Hashdex first obtained approval to launch this XRP ETF in February 2025.

For a long time, the company has viewed Brazil as a fertile ground for crypto asset expansion, given its more crypto-friendly regulatory response compared to other countries.

Samir Kerbage, Chief Investment Officer (CIO) of Hashdex, stated that XRPH11 is part of their single-asset fund portfolio, alongside other crypto ETFs such as BITH11 (Bitcoin), ETHE11 (Ethereum), and SOLH11 (Solana).

This product specifically targets sophisticated and institutional investors looking to expand their exposure to the crypto world through the B3 exchange platform.

XRPH11 itself is designed to allocate at least 95% of its assets into XRP, either through direct or indirect holdings.

Brazil vs. US: Two Different Speeds

While US regulators are still deliberating the approval of an XRP ETF, Brazil has moved swiftly.

Approval in February, followed by the market launch in April, demonstrates the decisiveness and courage of Brazilian regulators in driving financial innovation.

Brazil had previously launched the world’s first Solana ETF last year.

Although its market impact at that time was not as significant as expected, there is great hope that the launch of XRPH11 will yield more substantial results for XRP.

Hopes and Challenges

Even though the launch of XRPH11 marks a monumental step, the first-day trading volume data has not yet been published.

The investor community is now watching closely to see whether this ETF can truly boost XRP’s value in the open market.

Initial signs indicate positive anticipation, but concerns remain whether the scenario that occurred with the Solana ETF—which had only a minor effect on the price—might repeat.

All eyes are now on how XRPH11’s performance will shape the future of altcoin-based ETFs worldwide.