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The first XRP spot exchange-traded fund (ETF) in the world, managed by Hashdex and Genial Investimentos, started trading on Brazil’s B3 stock exchange on April 25. The ETF, listed under XRPH11, tracks the Nasdaq XRP Reference Price Index and aims to attract sophisticated investors while following regulatory guidelines. XRP-related ETPs have $950 million in assets under management, with potential to reach $8 billion in the future.
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