Brazil has made historical past by launching the world’s first exchange-traded fund (ETF) that tracks the spot value of XRP, Ripple’s native cryptocurrency.
The fund started buying and selling on April 25 on Brazil’s main inventory change, B3, in response to a press launch from Valor Econômico.
Named Hashdex Nasdaq XRP Fundo de Índice (FI), the ETF is managed by Brazilian asset supervisor Hashdex and administered by Genial Investments Securities Brokerage SA, with Genial Financial institution SA serving as custodian.
Brazil’s CVM Clears XRP ETF Following Earlier Approval of Hashdex’s Solana Fund
The Brazilian Securities and Trade Fee (CVM) accredited the XRP-focused ETF in February, marking one other milestone after its greenlight for Hashdex’s spot Solana ETF in August 2023.
Following regulatory approval, the fund entered a pre-operational section earlier than formally launching on the change underneath the ticker XRPH11.
The ETF mirrors the XRP Reference Value Index (NQXRP), which tracks the real-time spot value of XRP throughout main cryptocurrency exchanges.
Based on fund paperwork, not less than 95% of XRPH11’s internet property can be allotted to XRP and associated digital property, securities, or futures tied to the index.
The ETF at present experiences a internet price near $40 million.
XRPH11 – The world's first XRP ETF. One other crypto milestone on the Brazilian inventory change!
Hashdex simply launched XRPH11, giving traders safe and controlled entry to $XRP — one of many main #crypto property centered on quick, low-cost worldwide funds. pic.twitter.com/kpokQP5NM4— Hashdex (@hashdex) April 25, 2025
XRPH11 carries a aggressive payment construction, together with a most annual payment of 0.7% for administration, administration, and distribution, together with a custody payment capped at 0.1% per yr. The fund doesn’t impose any structuring charges.
With this launch, Hashdex has expanded its crypto ETF choices on B3 to 9 merchandise.
Samir Kerbage, Chief Funding Officer at Hashdex, mentioned that XRPH11 joins the agency’s lineup of mono-asset ETFs, which incorporates merchandise tied to Bitcoin (BITH11), Ethereum (ETHE11), and Solana (SOLH11).
These funds are designed for institutional traders searching for publicity to digital property by Brazil’s regulated markets.
As Brazil leads with the primary XRP ETF, anticipation grows in the US, the place the SEC is reviewing purposes for spot Solana and XRP ETFs.
SEC Lawsuit Towards Ripple Labs Concludes After 4 Years
The authorized dispute between Ripple Labs and the U.S. Securities and Trade Fee (SEC) has concluded after greater than 4 years, marking a major improvement in cryptocurrency regulation.
In December 2020, the SEC filed a lawsuit towards Ripple Labs, alleging that the corporate performed an unregistered securities providing by promoting XRP tokens, elevating over $1.3 billion.
Ripple contested the declare, arguing that XRP is a digital forex, not a safety.
In July 2023, U.S. District Choose Analisa Torres delivered a combined ruling: she decided that XRP gross sales to institutional traders violated securities legal guidelines, whereas gross sales on public exchanges didn’t.
Consequently, Ripple was ordered to pay a $125 million civil penalty.
In March 2025, Ripple and the SEC reached a settlement. Below the settlement, Ripple would pay $50 million of the beforehand imposed superb, with the remaining $75 million returned to the corporate.
Each events agreed to drop their respective appeals, successfully ending the litigation.
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