Hashdex Launches First Spot XRP ETF in Brazil
26.04.2025 03:49
Hashdex, in partnership with Genial Investimentos, launched the world’s first spot XRP ETF, trading on Brazil’s B3 under the ticker XRPH11. The fund, which tracks the Nasdaq XRP Reference Price Index, aims to allocate at least 95% of its net assets to XRP. This launch represents Hashdex's ninth ETF offering on the Brazilian exchange, expanding its crypto product portfolio that also includes Bitcoin, Ethereum, and Solana-based ETFs. The ETF is positioned to attract sophisticated investors, including institutions looking to integrate crypto assets into their portfolios within a regulated framework. Recent market data indicates robust investor interest in XRP-related products, with significant weekly inflows and predictions by JPMorgan that could see net flows reach up to $8 billion. The initiative underscores growing institutional adoption of crypto investments and may further boost the market presence of XRP globally.
The news is likely to generate positive pressure on XRP’s price due to the high-profile launch of the first spot XRP ETF, which signals increasing institutional acceptance and market expansion. Short-term dynamics may reflect heightened volatility as the trading commences on B3, with investor sentiment boosted by credible backing from Hashdex and Genial Investimentos. Long-term price prospects could benefit from anticipated substantial net inflows, similar to historical ETF launches in the crypto space, where increased accessibility and regulatory clarity attracted more capital. Factors such as strong weekly inflows, positive institutional interest, and the potential for significant additional net flows (up to $8 billion) point to a likely upward trend for XRP if market conditions continue to remain favorable.
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