- Launch of XRP’s first ETF on B3 exchange.
- Positive price impact observed post-launch.
- Brazil enables advanced regulated crypto instruments.
The launch enhances access for institutional investors in Brazil, and sparks interest in similar products. It highlights Brazil’s proactive regulatory stance in contrast to the U.S.’s cautious approach.
XRP’s first ETF, XRPH11, introduced on B3 signals a significant expansion for Ripple adoption. The move, by Hashdex and Genial Investimentos, targets institutional investors seeking regulated crypto exposure. XRP’s price rose 6% following the launch.
Partnership and Launch Details
Hashdex, a pioneering entity from Brazil, partners with Genial Investimentos in managing XRPH11. This ETF marks Hashdex’s ninth on the B3, paralleling previous launches for Bitcoin, Ethereum, and Solana. XRPH11’s focus is on institutional market growth.
“XRPH11 is part of Hashdex’s line of mono-asset funds, such as the ETFs BITH11, ETHE11, and SOLH11. The focus of these ETFs is sophisticated investors, such as institutional investors who want to build crypto portfolios on B3.” — Samir Kerbage, Chief Investment Officer, Hashdex
Market Implications
XRP funds demonstrated the strongest inflows among crypto Exchange Traded Products last week, suggesting heightened institutional interest. The XRPH11 launch could potentially accelerate XRP adoption and investment among sophisticated investors.
Global Context
Globally, XRP-related ETPs held $950 million in assets as of April 2025, with projections of further inflows. This underscores a growing institutional appetite for regulated crypto investments, though U.S. approval lags behind.
Anticipated outcomes include increased institutional inflows for XRP, if U.S. regulation aligns with Brazil’s approach. The launch signifies a pivotal moment for regional markets, enhancing credibility and investment in regulated crypto instruments.
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