Brazil Drops First XRP ETF, US Still Playing Crypto Catch-Up! 🚀💸

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So, Brazil just went and did the unthinkable—they actually launched the first-ever XRP spot ETF. Meanwhile, the rest of the world (cough, US) is still scratching their heads wondering if they should join the party.

Hashdex Rolls Out XRP ETF on Latin America’s Big Fancy Exchange

Hashdex, that savvy asset manager you might not have heard of until now, stuck the XRP spot ETF right onto Brazil’s B3 stock exchange on April 25. Yes, it’s real. The ticker? XRPH11—because nothing says “crypto cool” like letters and numbers mashed together.

They’re tracking XRP’s price with the Nasdaq XRP Reference Price Index, which basically means someone somewhere is obsessively checking prices so you don’t have to.

Brazil’s CVM (their version of SEC but with sunnier weather) gave the green light back in February, so we’re not just dreaming.

The fund throws 95% of its cash into XRP itself, plus some futures contracts and other financial mumbo-jumbo that assures the crypto gods are pleased.

Oh, and Hashdex calls it the “Hashdex Nasdaq XRP Fund de Indices.” Fancy, right? Fund management is with Genial Investimentos, while Genial Bank SA plays the custodian role, basically babysitting your digital coins.

BREAKING
First-ever XRP spot ETF debuts on Brazil’s main stock exchange.

– Brazil’s B3 just dropped the XRP spot ETF.
– Hashdex is managing it, eyeballing XRP’s price via Nasdaq’s Index.
#CryptoMoves 🚀💥

— Global Rashid (@globalrashid007) April 26, 2025

Fund Fees: Only a Modest 0.8% Annual Management “Gift” 🎁

You’ll pay 0.7% in management fees and a tiny custodian fee of 0.1%. Together, it’s 0.8% a year — which, let’s face it, is like that annoying Airbnb cleaning fee but for your crypto stash.

No sneaky structuring fees—at least they’re not petty about it.

This marks the ninth crypto ETF Hashdex has shoved onto B3’s shiny shelves. They’re already running ETFs that chase Bitcoin, Ethereum, and Solana, so Brazil’s basically saying, “We’re crypto-friendly—come at us, Wall Street!”

Crypto Market Chart
Meanwhile, in the US: XRP ETFs Are Still an Aspiration

The US is watching Brazil flex on them while juggling regulatory drama worthy of a Netflix thriller.

XRP, created by a US company no less, is the third-biggest cryptocurrency (no, not a stablecoin — actual money). Market value? Over $120 billion. That’s not chump change.

Ripple, the XRP superstar, is finally making some friends at the US Securities and Exchange Commission—who knew regulatory drama could have plot twists?

Plus, the Trump administration once declared they wanted America to be the “crypto capital of the world,” which gives us all a warm, fuzzy feeling that maybe, just maybe, approval might come sooner than later.

The Race to File XRP ETFs in the US Is On 🏁

Heavy hitters like Grayscale and Franklin Templeton are filing for XRP spot ETFs stateside. Analysts peg the chances of US approval at a spicy 73% right now—which means, you know, it’s anyone’s game (but probably not Brazil’s anymore).

Sure, the US has a leveraged XRP ETF launched recently, but the real MVP—the spot ETF—is still sitting on the bench. American regulators must be feeling the heat as investors get increasingly restless about XRP exposure without the fuss of holding the actual tokens.

All in all, Brazil is out here rewriting the crypto rulebook, proving you don’t need to be a Wall Street wolf to play the ETF game. Hats off to them for schooling the world once again. 🎩🐂

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2025-04-29 07:49