Hashdex, in collaboration with Genial Investimentos, launched the world's first spot XRP exchange-traded fund (ETF). The fund, listed under the abbreviation XRPH11, has started trading on Brazil's B3 exchange.

The XRPH11, which tracks the Nasdaq XRP Reference Price Index, is designed to allocate at least 95% of its net assets directly to XRP. Hashdex stated that exposure to XRP can be achieved through direct coin ownership, futures contracts that replicate the performance of the index, or other financial instruments that reflect Nasdaq's benchmark.
XRP Spot ETFs have not yet been approved in the US, but Bloomberg analysts believe that many altcoin ETFs, including XRP, will eventually be approved under the Trump administration.
This launch marks Hashdex's ninth ETF offering on the B3 and is expanding the single-asset crypto ETF series that currently includes products linked to Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).