The first spot exchange-traded fund (ETF) tied to XRP in the world, issued by Hashdex and managed by Genial Investimentos, began trading on April 25 on Brazil’s stock exchange, B3. 

Listed under the ticker XRPH11, the ETF tracks the Nasdaq XRP Reference Price Index and, according to Hashdex, will allocate at least 95% of its net assets to XRP. The introduction of the fund marks Hashdex’s ninth ETF launch on the Brazilian exchange.

The asset manager might use direct or indirect holdings, futures contracts aimed at replicating the index’s performance, or other financial instruments that reflect the price of XRP as defined by Nasdaq’s benchmark to give exposure.

The launch expands Hashdex’s single-asset ETF offerings on B3, which also include products based on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). 

According to Hashdex’s chief investment officer, Samir Kerbage, the fund aims to attract sophisticated investors, including institutions looking to build crypto portfolios on Brazil’s equity market infrastructure.

He added that the ETF aims to expand investor access while aligning with regulatory guidance on fund safety and transparency.

An $8 billion market

XRP-related exchange-traded products (ETPs) registered $950 million in assets under management (AUM) as of April 18, as CoinShares reported. 

Additionally, XRP funds registered the strongest weekly inflows among other crypto-related ETPs last week, with $37.7 million allocated.

According to a January prediction by JPMorgan, these products could attract up to $8 billion in net flows, over eight times their current AUM size.

Although Hashdex secured a head start in conquering this market, Brazil represents only 0.9% of the global AUM of crypto ETPs. XRPH11 must find global appeal to reach a significant AUM and grant Hashdex a comfortable spot in the race.

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If you’ve got a to-do list this weekend, we’ve got one more item for it: update your iPhone, iPad, and Mac. An update was released this week that patches a vulnerability first spotted way back in December 2023.

According to Apple’s release notes, the fix affects iOS 18, iPadOS 18, macOS 15, and visionOS 2, as well as Safari 18 for macOS Ventura and macOS Sonoma users. The release notes say the updates include unknown bug fixes, but the big reason to update is a single security update across all devices:

• Impact: Maliciously crafted web content may be able to break out of Web Content sandbox. This is a supplementary fix for an attack that was blocked in iOS 17.2. (Apple is aware of a report that this issue may have been exploited in an extremely sophisticated attack against specific targeted individuals on versions of iOS before iOS 17.2.)
• Description: An out-of-bounds write issue was addressed with improved checks to prevent unauthorized actions.
• WebKit Bugzilla: 285858
• CVE-2025-24201: Apple

Apple is credited with discovering the flaw, which was initially patched on December 11, 2023, with iOS 17.2 and macOS Sonoma 14.2. It’s unclear which WebKit patch fixed the original vulnerability.

So far this year, Apple has fixed three zero-days, which are defined as flaws that were previously unknown. While Apple’s language implies this threat was used in targeted attacks, you should definitely update your devices if you haven’t already.

Two law firms – Burwick Law and Wolf Popper LLP – have issued a cease-and-desist letter to the Solana-based meme coin creation platform PumpFun, demanding the immediate removal of the Dogshit2 token and other related coins deployed on the Solana blockchain that utilize unlicensed intellectual property from their firms.

According to the law firms, PumpFun has falsely associated its tokens with its brands and likenesses in a clear effort to impersonate its organizations and employees.

Dogshit2 Token Sparks Legal Action

In an official statement, Both Burwick Law and Wolf Popper LLP have categorically denied any involvement with the Dogshit2 token or any similar blockchain-based assets.

“Our firms have no affiliation, endorsement, or ownership interest in the Dogshit2 token or any related assets. Simply put, our firms have not launched any memecoins on-chain. Any further unauthorized use of our firms’ names, intellectual property, or association with this token may result in immediate legal action.”

Burwick Law stated that despite having the technical capability to remove the fraudulent tokens, PumpFun has failed to take action, exposing itself and the public to significant financial and legal risks. The firms further revealed that PumpFun’s actions appear to be part of a broader effort by third parties to intimidate clients and disrupt ongoing litigation. This includes the deployment of additional tokens designed to impersonate plaintiffs involved in current legal proceedings.

The firms stated that the tokens misuse blockchain technology by turning it into a tool to block justice. They confirmed that legal action will be taken to address this misconduct.

Additionally, Burwick Law and Wolf Popper LLP urged investors to exercise extreme caution, warning that Dogshit2 is being aggressively promoted in what appears to be a high-risk pump-and-dump scheme.

Meanwhile, founder Max Burwick has openly criticized these platforms, calling them an evolved version of multi-level marketing scams. Last month, Burwick accused platforms like Pump.fun of taking advantage of human desperation and the increasing influence of the digital attention economy.

Pump.fun’s Legal Issues

The two firms filed a class-action lawsuit on January 30, claiming that Pump.fun issued unregistered securities and earned $500 million in fees. The lawsuit alleges Pump.fun, run by UK-based Baton Corporation, used aggressive marketing tactics to promote volatile tokens, causing investors substantial losses. It seeks damages, refunds, and litigation costs.

Earlier, on January 15, Burwick Law initiated a class-action suit for Kendall Carnahan against Baton Corporation, alleging the sale of unregistered securities. The lawsuit highlighted the PNUT token, a Solana memecoin linked to Peanut the Squirrel, which reportedly hit a $1 billion market cap.