Hashdex, in partnership with Genial Investimentos, has launched the world’s first spot XRP exchange-traded fund (ETF), listed under the ticker symbol XRPH11 on Brazil’s B3 stock exchange.
The ETF, designed to track the Nasdaq XRP Reference Price Index, invests at least 95% of its net assets into XRP, offering secure XRP investment on the B3 exchange.
Hashdex continues to expand its business operations by seeking regulatory approval to launch cryptocurrency index ETFs in the US and plans to add XRP along with Cardano (ADA) to its investment pool.
The launch of XRPH11 opens new doors for crypto investors interested in diversified portfolios within the digital asset space, providing regulatory oversight and security.