- Brazil launches the world’s first XRP ETF, XRPH11, providing new investment opportunities.
- Hashdex’s XRPH11 ETF targets sophisticated investors with 95% XRP asset allocation.
- XRPH11 tracks the Nasdaq XRP Reference Price Index for simplified XRP exposure.
Brazil has launched the world’s first exchange-traded fund focused on XRP, debuting on the B3 stock exchange. The fund, known as XRPH11, was issued by Hashdex and is managed by Genial Investimentos. The ETF began trading on April 25, 2025, making Brazil the first country to offer such a product. Brazil stands apart from the United States by maintaining a friendly position toward cryptocurrencies as it faces fewer ongoing challenges in this space.
A Step Toward Crypto Adoption
The XRPH11 ETF provides investors with exposure to XRP through both direct and indirect holdings, as well as futures contracts designed to track the asset’s performance. The ETF tracks the Nasdaq XRP Reference Price Index , offering a much easier way to gain exposure to the digital asset’s price movements.
By introducing this ETF, Hashdex expands its lineup of single-asset ETFs, which includes other successful ETFs focused on major cryptocurrencies such as Solana, Ethereum, and Bitcoin. The introduction of XRPH11 signifies a crucial milestone in Brazil’s push to offer regulated crypto investment products, a strategy that Hashdex first identified as a key market priority nearly two years ago.
Regulated Access for Institutional Investors
The XRPH11 ETF is specifically designed for sophisticated investors, including big shareholders who seek regulated exposure to XRP within the Brazilian equities market infrastructure. Samir Kerbage, Hashdex’s Chief Investment Officer, stated that the fund aims to enhance accessibility to crypto investments while adhering to Brazil’s legal requirements for fund transparency and safety.
The ETF holds at least 95% of its assets in XRP, through both direct and indirect holdings. It applies an annual custodial fee of 0.10% and an administrative fee of 0.70%, which aligns with local market norms and similar international standards for crypto-linked ETFs.
Related: SEC Receives More XRP ETF Filings as Franklin Templeton Joins
Broadening the ETF Landscape
In February 2025, the Brazilian Securities and Exchange Commission approved the XRP ETF. This follows the same lines as the successful launches of Ether and Bitcoin ETFs, presenting a level of acceptance of digital asset products within Brazil’s financial markets.
The XRPH11 cryptocurrency fund debuted at R$19.76 per share, reflecting Brazil’s growing demand for regulated crypto investments. Genial Investimentos, as the asset manager, is responsible for overseeing the fund’s operations.
The launch of XRPH11 marks a significant milestone in expanding the scope of cryptocurrency adoption in Brazil. It also helps strengthen the country’s position as a leading global player in crypto asset investments.
