Hashdex's XRPH11, the world's first XRP ETF, launched on Brazil's B3 stock exchange today. This milestone follows Brazil's earlier approval of the first Solana ETF in 2024, reinforcing the country's progressive stance on crypto investment vehicles.
Brazil Pioneers XRP ETF Trading
Approved in February 2025 by Brazilian regulators, XRPH11 represents Hashdex's expanding lineup of mono-asset crypto ETFs—joining BITH11 (Bitcoin), ETHE11 (Ethereum), and SOLH11 (Solana). The fund targets institutional investors seeking diversified crypto portfolios on B3.
"XRPH11 caters to sophisticated investors building crypto exposure within regulated frameworks," stated Samir Kerbage, Hashdex CIO, in a press release.
ETF Structure and Market Impact
- Asset Allocation: 95%+ in XRP (direct/indirect holdings)
- Trading Data: Initial metrics remain undisclosed, but availability confirms active trading
- Regulatory Context: Brazil's rapid approval contrasts with prolonged US ETF deliberations
Global Implications for Crypto ETFs
While US regulators signal openness to altcoin ETFs, Brazil's swift execution highlights divergent regulatory speeds. Analysts watch XRPH11's performance for insights:
- Altcoin ETF Viability: Could influence pending US proposals
- Market Sentiment: XRP price movements may reflect ETF-driven demand
- Historical Precedent: Solana ETF's muted 2024 debut raises questions about altcoin ETFs' immediate impact
US Market Prospects
Polymarket currently assigns a 74% probability to US XRP ETF approval by December 2025. Success in Brazil may accelerate global adoption of similar products.
👉 Explore crypto investment opportunities with regulated ETFs
FAQ: XRP ETF Essentials
Q: How does XRPH11 differ from spot XRP holdings?
A: It offers regulated exposure without direct asset custody—ideal for institutional portfolios.
Q: Could this ETF affect XRP's liquidity?
A: Yes, by creating new demand channels via traditional finance gateways.
Q: What delays US XRP ETF approval?
A: Stricter regulatory scrutiny and ongoing Ripple-SEC litigation complicate the process.
👉 Stay updated on crypto ETF developments
Note: This content adheres to journalistic standards and is not financial advice. Always conduct independent research.