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XRP ETF launch in Brazil is making major headlines as Hashdex rolls out XRPH11 on the B3 stock exchange.
This new ETF, managed by Genial Investimentos, started trading on April 25 and is the first of its kind globally. The product is designed to track the Nasdaq XRP Reference Price Index, offering investors direct exposure to XRP’s price. Hashdex plans to allocate at least 95% of the fund’s net assets directly to XRPClick here for more Details holdings. Alternatively, it can use futures contracts or other financial instruments to replicate XRP’s performance.
The XRP ETF launch in Brazil is part of Hashdex’s broader expansion strategy into single-asset ETFs. The asset manager already offers similar products based on Bitcoin, Ethereum, and Solana. Samir Kerbage, Hashdex’s Chief Investment Officer, emphasized that the fund targets sophisticated investors. This includes institutions looking to diversify into crypto through Brazil’s equity market. The company is committed to aligning with regulatory guidance on fund safety and transparency.
XRP ETFs Gaining Traction Among Investors
Recent data highlights the growing appetite for XRP-related investment products. According to CoinShares, XRP ETPs had $950 million in assets under management as of April 18. Last week alone, XRP-related funds saw $37.7 million in inflows, outperforming other crypto ETPs. The XRP ETF launch in Brazil positions Hashdex at the forefront of this expanding market trend. Still, Brazil only accounts for 0.9% of the global crypto ETP market’s AUM.
JPMorgan analysts predict that XRP ETPs could draw up to $8 billion in net flows soon. This would represent an eightfold increase over current assets under management. For XRPH11 to achieve significant scale, it will need to attract international investors as well. Hashdex’s early move offers a competitive advantage, but the global race is heating up.
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XRP ETF Launch in Brazil Could Spark Broader Crypto Adoption
Hashdex’s XRPH11 provides a critical bridge between traditional finance and crypto investments. Its success could pave the way for more crypto ETFs in emerging markets like Brazil. The XRP ETF launch in Brazil not only expands access to digital assets but also adds credibility. It represents a broader shift toward regulated, transparent crypto investment vehicles. As adoption grows, Brazil may position itself as a key player in the evolving crypto economy. Investors are paying close attention to how XRPH11 performs in its early months. Strong demand could trigger further ETF launches tied to other leading cryptocurrencies. Hashdex’s pioneering move hints at a bright future for crypto investment products in Latin America.
