Brazil’s XRP ETF XRPH11 invests at least 95% of its portfolio in XRP, targeting institutional and sophisticated investors.The world’s first spot XRP exchange-traded fund (ETF), XRPH11, has been officially launched in Brazil.The fund, operated by Hashdex through Genial Investimentos, is listed and actively trading on the São Paulo-based stock exchange B3.Analysts predict the debut of XRPH11 could lead to increased institutional exposure and potential price momentum and volatility for XRP.