Brazil’s B3 Launches XRPH11, World’s First Spot XRP ETF Managed by Hashdex and Genial Investimentos

Brazil’s B3 stock exchange has launched the world’s first spot XRP exchange-traded fund (ETF), marking a pioneering development in cryptocurrency investment products. The ETF, listed under the ticker XRPH11, is managed by Hashdex, a crypto-focused asset management firm, in partnership with Genial Investimentos, which handles administration. The fund tracks the Nasdaq XRP Reference Price Index and allocates at least 95% of its net assets to XRP, providing investors direct exposure to the cryptocurrency. This launch precedes any similar approval in the United States, positioning Brazil at the forefront of XRP ETF offerings globally. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io