- Hashdex’s XRP ETF tracks Nasdaq Reference Price Index for XRP.
- Brazil’s CVM approval sets stage for global crypto ETF growth.
- ETF fee structure includes 0.7% management, 0.1% custodian.
Brazil has launched the first ever spot XRP exchange-traded fund (ETF) in the cryptocurrency market. On April 25th 2025 the new ETF, under its ticker symbol XRPH11 debuted on the B3 stock exchange. Hashdex Asset manager,which launched the ETF, has partnered with Genial Investimentos which will manage the fund’s assets.
The Hashdex Nasdaq XRP Fund de Índices provides investors with indirect exposure to XRP, the third-largest cryptocurrency in market capitalization. This ETF tracks the Nasdaq XRP Reference Price Index that shows XRP’s spot price across major exchanges. The ETF invests at least 95% of its assets in either XRP and related elated assets such as futures contracts and securities.
XRP ETF Approval
In February 2025, Hashdex obtained approval to launch the XRP ETF from the Brazilian Securities and Exchange Commission (CVM). The launch follows the approval of Hashdex’s Solana spot ETF in 2024. The XRP ETF launch is part of Hashdex’s efforts to diversify its product line-up which include Bitcoin, Ethereum and Solana ETFs.
XRP ETF investors must pay an annual 0.7% management fee and an additional 0.1% fee for asset custody. The fee structure aims to provide investment opportunities for institutions and retail investors who seek diversified exposure to the cryptocurrency market.
Impact of XRP ETF launch On Crypto Markets and Brazil
The ETF launch has prompted the U.S to speed up the approval of similar products. Although XRP originates in the U.S the country has not launched any spot XRP exchange-traded fund (ETF).
Ripple, which operates XRP, recently resolved regulatory issues with the U.S. Securities and Exchange Commission (SEC) . The U.S continues to face increased competition from international markets such as Brazil.
The debut of the XRP spot ETF in Brazil could influence the global financial markets. JPMorgan analysts state that the SEC approval of spot Solana and XRP ETFs could attract up to $14 billion in investments. Major assets managers such as Grayscale and Franklin Templeton have submitted applications for XRP ETFs in the U.S.
The first ever spot XRP ETF launch strengthens Brazil’s position as a crypto hub in Latin America. Hashdex continues to expand its crypto-based ETFs portfolio and offer investment products that focus on investor needs. The spot XRP ETF launch in Brazil puts pressure on the U.S. to deliver similar opportunities for investors in future.