World’s First XRP Spot ETF Launches on Brazil’s B3 Exchange
- Brazil launched the first-ever XRP spot ETF on April 25, trading under ticker XRPH11.
- The ETF is managed by Hashdex and tracks the Nasdaq XRP Reference Price Index.
- Genial Investments Securities Brokerage SA administers the fund, with Genial Bank SA as custodian.
- The ETF invests at least 95% of its net assets in XRP and related digital assets.
- The fund’s net worth is nearly $40 million, with a maximum global fee of 0.7% annually.
The debut of XRPH11 marks Brazil’s introduction of the world’s first XRP spot ETF, managed by Hashdex and trading on the B3 stock exchange since April 25. The fund has a net worth close to $40 million, focusing heavily on investments in XRP and related assets.
Source (2.6)https://cryptobriefing.com/world-first-xrp-spot-etf-brazil/?rand=59535
