World’s First XRP ETF Launches in Brazil, Paving the Way for Global Adoption

In Brief:

XRPH11, the first-ever XRP ETF, begins trading on Brazil’s B3 exchange via Hashdex.

The fund allocates 95% to XRP, aimed at institutional investors building crypto exposure.

Brazil has officially launched the world’s first XRP exchange-traded fund (ETF), marking a significant milestone for both Ripple and global crypto markets. Issued by asset manager Hashdex, the ETF—ticker symbol XRPH11—began trading today on Brazil’s B3 stock exchange.

Approved by Brazilian regulators in February, XRPH11 is part of Hashdex’s single-asset crypto fund lineup, alongside offerings for Bitcoin (BITH11), Ethereum (ETHE11), and Solana (SOLH11). The fund is designed primarily for sophisticated and institutional investors looking to diversify into crypto via traditional financial infrastructure.

The ETF will allocate at least 95% of its assets to XRP, through a mix of direct and indirect exposure. While trading volume data from its first day has yet to be released, Hashdex has confirmed the fund is live and operational.

Brazil’s quick approval process stands in stark contrast to the ongoing wait for XRP ETF decisions in the U.S., where regulators have yet to greenlight altcoin-focused ETFs. A Polymarket forecast currently puts the odds of U.S. approval for an XRP ETF by year-end at 74%.

Although the launch draws comparisons to last year’s Solana ETF debut in Brazil—which had limited market impact—analysts are watching XRPH11 closely to assess demand, price influence, and potential momentum for global XRP adoption through ETFs.

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