Brazil Goes Crypto: XRP ETF Drops and the World Can’t Keep Calm 🤑

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  • At last, Hashdex unveils the world’s inaugural spot XRP ETF amid Brazil’s samba beat.
  • XRPH11: A cautious dance with XRP on B3, where finance meets flair.

On the twenty-fifth day of April’s fading breath, Hashdex, hand in hand with Genial Investimentos, etched a curious lyric into the ledger of time: a new dawn for cryptocurrencies with the world’s first spot XRP exchange-traded fund. They baptized it XRPH11, a code whispered through Brazil’s vast B3 exchange, shadowing the elusive pulses of the Nasdaq XRP Reference Price Index. A trust placed—ninety-five percent or more—in the roiling sea of XRP, a titan in its cryptographic realm.

The Long Tango of Finance and Crypto Expands at Brazil’s B3

There, in this radiant crucible, the Brazilian stock market pirouetted to a new crescendo. XRPH11 is no mere spectacle; it invites brave authorized dancers—investors—to step onto the secure stage of cryptocurrency. XRP, that nimble sprite, promises swift, featherlight transfers across the globe, as if laughing at the expense of sluggish fees and stale regulations. The ETF beckons, a siren’s call to those seeking refuge in digital treasure.

Back in the shadowy chambers of February, the Brazilian Securities and Exchange Commission (CVM) — ever the gatekeepers — had nodded assent, opening the unseen gate for Hashdex to unveil this world-first. Though B3 coyly withheld the curtain’s rise date, the stage was set.

Meanwhile, Hashdex, that restless alchemist, forges further reach. With a hopeful glance to the U.S., an application whispers its way to the SEC, a request for XRP’s entry alongside Cardano (ADA) and other cryptic coins—echoes of investor desires broadening in the cryptoverse.

This ensemble of investments — direct XRP possession, tangles of derivatives, and reflections of Nasdaq’s cryptic indexes — forms the arsenal by which Hashdex entices its patrons.

Already, the B3 hosts three of their crypto children—Bitcoin (BTC), Ethereum (ETH), and Solana (SOL)—now joined by the new singular star, XRPH11, expanding the constellation for the adventurous investor.

XRP: The Cryptic Fourth and Hashdex’s Secret Ingredient

Peer into CoinMarketCap’s crystal ball and witness XRP’s stature: the fourth-largest crypto behemoth, crowned with a market cap of some 128.4 billion dollars—an oracle forged by Ripple with ambitions soaring across borders and payments alike.

Curiously, America, Ripple’s own birthplace, remains an enigma—no XRP ETF has taken root there, despite the persistent overtures from Grayscale and Bitwise. The SEC’s silence is a wall wrapped in the fog of caution.

Enter Samir Kerbage, Hashdex’s own herald, bubbling with enthusiasm for this ninth ETF marvel on B3’s stage. XRPH11 is his child of promise, a key unlocking a treasury of secure digital domains and varied portfolios—handcrafted for the wise and wary.

By his account, XRPH11 aligns with Hashdex’s sacred trilogy—alongside its older siblings BITH11, ETHE11, and SOLH11—crafted for those savvy enough to dance this digital ballet on the B3 floor.

So here we stand at the precipice—Hashdex, with a mischievous grin and a flash of brilliance, pivots the whole spectacle into a new act. The first spot XRP ETF is no mere token; it’s a bold stroke in the grand chess game of crypto, an invitation to the world’s dreamers and risk-takers alike, all under the watchful gaze of regulation’s lamp.

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2025-04-26 21:17