First Spot XRP ETF Launches by Hashdex in Brazil
Hashdex, a Brazilian digital asset manager, has launched the world’s first spot XRP ETF, XRPH11, on April 26, 2025, at Brazil’s stock exchange, B3.
- Main event sees Hashdex leading ETF launch.
- XRP price surged by 8.2%.
- Global precedence set for spot crypto ETFs.
Hashdex, a Brazilian digital asset manager, has launched the world’s first spot XRP ETF, XRPH11, on April 26, 2025, at Brazil’s stock exchange, B3.
The launch is significant as it marks a major step in regulated crypto exposure, attracting institutional investors. The ETF debut led to an immediate XRP price surge and increased trading activity.
Details of the Launch
Hashdex introduced the first-ever spot XRP ETF in Brazil, with the ETF custodian being Genial Bank SA. The fund is designed to provide secure, regulated access to XRP, focusing on sophisticated investors. Genial Investimentos serves as the fund manager.
The fund aims to attract sophisticated investors, including institutions looking to build crypto portfolios on Brazil’s equity market infrastructure. — Samir Kerbage, CIO, Hashdex
The ETF, tracking the Nasdaq XRP Reference Price, saw XRP prices jump 8.2%, from $0.52 to $0.563. Trading volume notably increased by 143% post-announcement, reflecting robust market interest and investor confidence.
Institutional interest is heightened as XRP experienced $37.7 million in fund inflows. Previous Bitcoin and Ethereum spot ETFs catalyzed similar financial movements, indicating possible trends for XRP.
Crypto community feedback is overwhelmingly positive, with analysts predicting long-term impacts. XRP joins a select group of cryptocurrencies with spot ETF offerings, hinting at broader regulatory acceptance globally.
Expert insights suggest potential for increased institutional investments and market liquidity. Historical trends affirm the significance of ETFs in boosting crypto adoption, setting precedence for future spot crypto ETFs across other jurisdictions.
More From Crypto News
Ethereum Consolidates Below $2.7K as $2.4K Downside Looms
Ethereum is consolidating below $2,700 after running into fresh resistance at that level, with price action now pointing toward $2,400 as the key downside level...
Strategy Buys 1,665 BTC in Second Weekly Purchase
Strategy has purchased an additional 1,665 BTC, marking the company’s second consecutive weekly Bitcoin acquisition and bringing its disclosed total holdings to...
Citi Partners With Coinbase on Stablecoin Payments for Institutions
Citigroup is partnering with Coinbase to offer stablecoin payment services aimed at institutional clients, according to reports.
Analyst Alleges $18.4M Extracted in 53 Robinhood Chain Launches
An analyst has alleged that $18. 4 million was extracted across 53 token launches on Robinhood Chain, according to a report by CryptoPotato.
Evernorth Nears Shareholder Vote on Nasdaq Plans
Evernorth, the XRP-focused treasury firm pursuing a Nasdaq listing, is approaching a shareholder vote connected to those plans. The vote represents a crucial mi...
Leveraged Funds Turn Net-Short in CME Bitcoin Futures
Leveraged funds added a net 1,599 short contracts in CME Bitcoin futures in the week through Sept. 22, according to the latest Commitments of Traders report pub...
