Hashdex Launches World’s First Spot XRP ETF (XRPH11) Trading Live Now on Brazil’s B3 Exchange
- Hashdex’s XRPH11 positions Brazil as a leader in crypto financial products.
- U.S. investors still lack a regulated XRP spot ETF despite rising demand.
- Ripple’s SEC progress could pave the way for U.S. XRP ETF approval soon.
Brazil now has the world’s first spot XRP ETF. Asset manager Hashdex launched its XRPH11 fund on Brazil’s B3 stock exchange on April 25th.
This launch is a significant step for crypto investment access in Latin America and puts Brazil ahead in offering regulated crypto products.
How Brazil’s New XRP ETF (XRPH11) Works
The XRPH11 ETF is designed to track the Nasdaq XRP Reference Price Index. It does this by holding at least 95% of its assets in XRP, either directly or through related instruments like futures.
Hashdex’s bold move now makes Brazil a leader in this space. It has also intensified pressure on the United States, where regulators haven’t yet approved a similar spot XRP ETF, even though XRP has American roots via Ripple Labs.
Hashdex Adds XRP to Growing Crypto ETF Lineup
This XRPH11 launch received approval from Brazil’s CVM (Securities and Exchange Commission) earlier in the year. Hashdex also recently got the …
The post Hashdex Launches World’s First Spot XRP ETF (XRPH11) Trading Live Now on Brazil’s B3 Exchange appeared first on Coin Edition.
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Hashdex Launches World’s First Spot XRP ETF (XRPH11) Trading Live Now on Brazil’s B3 Exchange
- Hashdex’s XRPH11 positions Brazil as a leader in crypto financial products.
- U.S. investors still lack a regulated XRP spot ETF despite rising demand.
- Ripple’s SEC progress could pave the way for U.S. XRP ETF approval soon.
Brazil now has the world’s first spot XRP ETF. Asset manager Hashdex launched its XRPH11 fund on Brazil’s B3 stock exchange on April 25th.
This launch is a significant step for crypto investment access in Latin America and puts Brazil ahead in offering regulated crypto products.
How Brazil’s New XRP ETF (XRPH11) Works
The XRPH11 ETF is designed to track the Nasdaq XRP Reference Price Index. It does this by holding at least 95% of its assets in XRP, either directly or through related instruments like futures.
Hashdex’s bold move now makes Brazil a leader in this space. It has also intensified pressure on the United States, where regulators haven’t yet approved a similar spot XRP ETF, even though XRP has American roots via Ripple Labs.
Hashdex Adds XRP to Growing Crypto ETF Lineup
This XRPH11 launch received approval from Brazil’s CVM (Securities and Exchange Commission) earlier in the year. Hashdex also recently got the …
The post Hashdex Launches World’s First Spot XRP ETF (XRPH11) Trading Live Now on Brazil’s B3 Exchange appeared first on Coin Edition.
Read More
Sharp Rallies in VIRTUAL, WLD, GAME Show Whale Buys Can Still Ignite Altcoin Market Moves