Historic Moments for Ripple (XRP): A First Has Happened – Will a Chain Reaction Spark a Rally?

Hashdex has launched the world’s first spot XRP exchange-traded fund (ETF) in collaboration with Genial Investimentos. Listed under the ticker XRPH11, the fund has begun trading on Brazil’s B3 exchange. XRPH11, which tracks the Nasdaq XRP Reference Price Index, is designed to allocate at least 95% of its net assets directly to XRP. Hashdex noted that exposure to XRP can be achieved through direct coin ownership, futures contracts that replicate the index’s performance, or other financial instruments that mirror 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 gain approval under the Trump administration. This launch marks Hashdex’s ninth ETF offering in B3, expanding its single-asset crypto ETF lineup that already includes products linked to Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Related News: Will History Repeat Itself in Bitcoin (BTC)? Expert Analysts Give Their Predictions According to Samir Kerbage, chief investment officer of Hashdex, the new ETF aims to attract sophisticated investors and institutions looking to build cryptocurrency portfolios within the framework of Brazil’s regulated stock market. Kerbage argued that XRPH11 complies with regulatory standards on fund security and transparency, and expands investors’ access to digital assets. *This is not investment advice. Continue Reading: Historic Moments for Ripple (XRP): A First Has Happened – Will a Chain Reaction Spark a Rally?

Source: BitcoinSistemi