<ul><li>Hashdex launched the world’s first spot XRP ETF, XRPH11, on Brazil’s B3 exchange, tracking the Nasdaq XRP Reference Price Index with Banco Genial as custodian.</li><li>The ETF debuted with about US$40M in net assets, requires at least 95% allocation to XRP-related products, and charges a maximum 0.7% annual management fee.</li><li>Brazil outpaced the US by launching the first spot XRP ETF, while the US SEC delays approvals for XRP and Solana ETFs despite investor demand.</li><li>Brazilian financial group Banco Genial serves as the custodian for XRPH11, which is one of the nine crypto ETFs offered by Hashdex on B3.</li></ul>

World’s First Spot XRP ETF Launches on Brazil’s B3 Exchange

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