Brazil launches world’s first XRP spot ETF with Hashdex

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Brazil once again shows that it is leading the way in the crypto world. Hashdex is launching the world’s very first spot ETF focused on XRP. The XRPH11, managed by Genial Investimentos, has been tradable on the B3 exchange since April 25, 2025. The product is specifically designed for institutional investors looking to enter the crypto market in a regulated manner.

The new ETF invests at least 95% of its total value directly in XRP. With this, Hashdex not only offers a unique investment product but also sets a clear standard for other countries that are still struggling with crypto regulation.

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Brazil leads the way with crypto products

With the launch of XRPH11, Brazil strengthens its position as an innovator within the crypto market. While markets like the US and the EU are still debating regulations, Brazil shows that regulated crypto investments are indeed possible.

Hashdex primarily targets institutional players who seek transparency and protection. According to Samir Kerbage, Chief Investment Officer at Hashdex, XRPH11 perfectly aligns with local regulations and offers investors a safe and clear product. More information about the ETF is available on their website: https://hashdex.com/pt-BR/products/xrph11.

In addition to its innovative approach, this ETF offers another significant advantage: it builds a bridge between traditional financial markets and the crypto world. It is likely that other countries will soon follow with similar products.

BlackRock keeps its distance from XRP for now

Meanwhile, BlackRock, the world’s largest asset manager, is notably keeping its distance from XRP. Despite companies like Grayscale and Bitwise having already filed applications for XRP ETFs, BlackRock appears to be waiting for more clarity from regulators such as the SEC.

Market analysis shows that BlackRock simply isn’t in a hurry. With successful Bitcoin and Ethereum ETFs together managing billions of dollars in assets, the company feels little pressure to add XRP at this point.

According to ETF specialist Nate Geraci, BlackRock is opting for a cautious strategy. They are closely monitoring competitors’ developments before potentially stepping into the XRP market themselves.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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