The first spot ETF for XRP has officially launched.

2025-04-26 10:56:53

Abstract generation in progress

With the approval of Brazil’s securities regulator CVM, the world’s first XRP spot ETF started trading on April 25 at the São Paulo Stock Exchange (B3).

The fund managed by Hashdex under the name “Hashdex Nasdaq XRP Index Fund” (XRPH11) follows the Nasdaq XRP Reference Price Index (NQXRP) of Ripple’s token XRP.

According to Hashdex CIO Samir Kerbage, the number of ETFs on B3 has risen to nine products with XRPH11.

Following this step in Brazil, the SEC is expected to soon approve Solana and XRP spot ETFs. JPMorgan analysts predict that in the event of approval for these funds, there could be an influx of additional capital into the market amounting to up to $14 billion.

Published: April 26, 2025 13:44

XRP2.65%

NYAN0.11%

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