Brazil takes a pioneering step in crypto asset management by launching the first spot XRP investment fund managed by Hashdex on the B3 exchange platform. This fund tracks the Nasdaq XRP Reference Price Index and is launched with net assets valued at approximately 40 million USD.
First Spot XRP ETF
Marketed under the name Hashdex Nasdaq XRP Fundo de Índice (XRPH11), the fund mandates at least 95% investment in XRP and similar products. The management fee is capped at up to 0.7% annually, with no additional fee for segregation services. Approved by the Brazilian Securities and Exchange Commission two months prior, the fund marks a significant venture in the crypto space.
Global Scenario and Market Expectations
With the approval process for similar funds still pending in the United States, Brazil emerges as a leader in this domain. The U.S. Securities and Exchange Commission’s delay in approving spot funds related to XRP and Solana 
$176 has increased investor interest, with predictions suggesting that approved funds could boost new investment inflows.
The fund follows XRP’s real-time price via the Nasdaq XRP Reference Price Index, with Banco Genial offering security services. This move may diversify alternative investment tools for institutions interested in crypto assets.
Samir Kerbage – Hashdex CIO: “Adding XRPH11 to the firm’s mono-asset portfolio broadens the product range for institutions aiming to create crypto strategies within the local financial system.”
Hashdex owns a total of nine crypto asset investment funds traded on B3, including products like Bitcoin 
$110,917, Ethereum 
$2,611, and Solana, along with the XRP investment fund. This variety seeks to capture the interest of institutional investors in the crypto asset market.
Researchers believe Brazil’s initiative might pave the way for similar implementations in other nations. Regulatory approaches and investor demands can shape the future of the global digital asset market.
