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.

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.

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