Altcoins News
By Julie Binoche
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Brazil is now home to the world’s first spot XRP ETF, marking a historic moment not just for the country but for XRP investors worldwide.
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While the U.S. continues to drag its feet on regulatory approvals, Brazil has once again taken the lead in the digital asset race.
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This development comes as Ripple’s XRP token gains momentum. At the time XRPH11 went live, XRP’s price saw a boost, fueled by both investor optimism and increased institutional…
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XRPH11 is built to track the Nasdaq XRP Reference Price Index and holds at least 95% of its assets in XRP — either through direct holdings, futures contracts, or related…
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Hashdex, which has already introduced ETFs for Bitcoin, Ethereum, and Solana, now adds XRPH11 to its expanding lineup, marking its ninth crypto ETF product on Brazil’s stock…
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Speaking about the new fund, Hashdex CIO Samir Kerbage highlighted its focus on institutional investors.
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Globally, XRP-focused ETFs currently account for roughly $950 million in assets under management. However, this could just be the beginning.
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That said, XRPH11’s true potential depends not only on demand in Brazil but also on how effectively it can capture international interest.
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While the move is a major win, it does not guarantee success. Brazil’s Solana ETF, which made headlines last year, failed to gain significant traction after going live.
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However, broader optimism is building. Many in the crypto community believe a U.S.-based XRP ETF is not far off.
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In summary, the arrival of XRPH11 in Brazil sets a new benchmark in the crypto ETF landscape.
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