Brazil Becomes First Country to Launch Spot XRP ETF

Brazil Spot XRP ETF Launch: In a historic milestone for the world of cryptocurrency, Brazil is the first nation to introduce a Spot XRP ETF, a new era for international digital finance. Official trading for the ETF, which goes by the ticker XRPH11, began on April 25, 2025, on Brazil's top stock exchange, B3.

This aggressive action not only strengthens Brazil's emerging leadership in financial innovation but also lays a powerful precedent for others to take. Investors can now achieve direct exposure to XRP, one of the world's most critical cryptocurrencies, effortlessly through their portfolios. 

XRP ETF Launch: Hashdex and Genial Investimentos Unite

The XRPH11 ETF is constructed by Hashdex, a leading digital asset manager, and managed by Genial Investimentos, with the custodian being Genial Bank. As opposed to the standard crypto funds, XRPH11 mirrors the actual price of XRP, the cryptocurrency built by Ripple Labs.

After getting the go-ahead from Brazil's Securities and Exchange Commission (CVM) in February 2025, XRPH11 can now be traded by the public. At launch, the fund has an initial size of around $40 million.

Key Highlights: 95% Exposure to XRP, Reasonable Fee Structure

• According to regulatory filings, at least 95% of XRPH11's assets will be exposed to XRP or financial instruments directly linked to XRP.
• The ETF provides a reasonable fee structure:
• Management and administration charge: 0.7%
• Custody charge: up to 0.1%
• No structuring charge, rendering it more economically viable for investors.

The fee structure made easy is expected to increase convenience for retail as well as institutional investors looking for access to the crypto market.

Brazil Continues to Lead in Digital Finance

Samir Kerbage, Hashdex CIO, underlined that the intention is to offer institutional investors a secure and easy entry to crypto markets. In addition to XRPH11, Hashdex already has Bitcoin (BITH11), Ethereum (ETHE11), and Solana (SOLH11) ETFs listed on B3.

At the same time, there is increasing anticipation in the U.S. for the approval of comparable Spot XRP and Solana ETFs, with experts forecasting they may draw as much as $14 billion in new investment if released.

The launch of XRPH11 is also considered a possible trigger for XRP price appreciation in the near term.

Also Read: TON Network to Shut Down Toncoin Bridge on May 10, 2025

Conclusion

By introducing the world's first Spot XRP ETF, Brazil has shown bold leadership in the digital finance industry. While other countries are still struggling with regulatory environments, Brazil has taken a bold step forward. XRPH11 not only creates new avenues for international crypto investors but also heralds a future where cryptocurrencies such as XRP are completely embedded in traditional finance.

Brazil's groundbreaking step could encourage other nations to speed up their own crypto ETF projects.