- Brazil’s XRP ETF XRPH11 invests at least 95% of its portfolio in XRP, targeting institutional and sophisticated investors.
- Analysts anticipate XRPH11 may influence XRP’s market behavior by increasing institutional exposure, potentially driving price momentum and volatility.
This week, Brazil has officially debuted XRPH11, the world’s first spot XRP exchange-traded fund (ETF). Hashdex launched the new investment product on April 25, which it operates through Genial Investimentos and trades on the São Paulo-based stock exchange B3.
More About Brazil’s Spot XRP ETF
The recent launch positions Brazil at the forefront of crypto innovation, as the United States United States continues to grapple with regulatory barriers around crypto asset ETFs. Previously, Brazil had also lost waves by launching the very first Solana ETF. This again shows a proactive approach to implementing cryptocurrencies into mainstream finance.
The XRPH11 fund will invest in XRP via spot assets, futures or other related derivatives, and invests at least 95% of its portfolio in XRP. Although early trading data has yet to be disclosed, the fund is listed and actively trading on B3’s official platform. This marks Hashdex’s ninth crypto ETF available to Brazilian investors, adding to their existing suite of products based on Bitcoin, Ethereum, and Solana.
In particular, Hashdex’s Chief Investment Officer Samir Kerbage described XRPH11 as specifically geared towards institutional and sophisticated investors. He also stressed that the ETF was designed with high levels of transparency, compliance with regulation and protection of investor security.
Hence, it closely fits with Brazil’s financial standards. Thus, The XRP ETF is seen as an important step in offering professional investors regulated access to the growing crypto sector within the familiar structure of equity markets.
Meanwhile, analysts believe that XRPH11’s debut could lead to a change in XRP’s market behavior in the near future. Increased institutional exposure may offer upward XRP price momentum. However, overall market dynamics could also lead to periods of heightened volatility.
What Is The Global Market Potential XRP ETFs?
According to recent data, worldwide XRP-based ETFs have almost $950 million in assets. CoinShares is also seeing heightened appetite in recent market movements, recording $37.7 million in inflows in XRP related ETPs alone last week, which is the highest amongst all crypto ETPs during that period.
JPMorgan analysts believe XRP ETFs could eventually attract close to $8 billion globally. While XRPH11 benefits from a first-mover advantage, Brazil’s share of the global crypto ETP market remains modest at just under 1%. Thus, building substantial international demand should be essential for XRPH11 to achieve meaningful influence.
The U.S. Outlook & Future Plans
Firms such as Grayscale and 21Shares have filed pending applications by May 22, 2025 for spot XRP ETFs, which the U.S. Securities and Exchange Commission has to resolve. The prediction markets are still positive and expect approval within the year, coming out 87% likely, as highlighted in our previous story.
Whilst, Hashdex is still expanding in the crypto investment space. The firm has filed with Nasdaq to add additional digital assets to its Nasdaq Crypto Index US ETF including Solana, Cardano, Chainlink, Avalanche, Litecoin, Uniswap.
