First Spot XRP ETF Slumps 54% As $1,000 Drops To About $457

TLDR

• A $1,000 investment in the first spot XRP ETF is now worth about $457.
• Brazil’s XRPH11 has declined 54.3% since its April 2025 launch.
• U.S. spot XRP ETFs now manage about $1.05 billion in assets.
• XRP traded near $1.14 after gaining 8.5% over the past week.

A $1,000 investment in the spot XRP ETF launched in Brazil now holds an estimated value of about $457. The fund has lost more than half its value since its April 2025 debut. Meanwhile, XRP traded near $1.14 after posting an 8.5% weekly gain.

Brazil’s Early XRP ETF Records Sharp Decline

Brazil introduced the first regulated spot XRP ETF on April 25, 2025, through Hashdex’s XRPH11 fund. The product launched with about $40 million in assets under management. It invested almost all holdings in physical XRP.

The spot XRP ETF tracks the “Nasdaq XRP Reference Price Index” through direct XRP exposure. The fund started trading at higher levels before entering a sustained decline. As of July 3, XRPH11 traded at 9.14 Brazilian reals, or about $1.74.

The spot XRP ETF has declined 54.3% since launch based on market data. Therefore, a $1,000 investment has fallen to about $457. Assets under management also dropped to roughly $22 million to $25 million.

U.S. Products Expanded the XRP ETF Market

Brazil’s spot XRP ETF remained relatively small within the global crypto exchange-traded product market. The country represented less than 1% of worldwide crypto ETP assets. Consequently, the fund generated limited buying pressure for XRP.

The spot XRP ETF market changed after several U.S. products launched in November 2025. Funds from Canary Capital, Bitwise, Franklin Templeton, Grayscale, 21Shares, and REX-Osprey entered the market. Those products attracted substantially larger investment flows.

The spot XRP ETF market in the United States now manages about $1.05 billion in assets. Collectively, those funds hold nearly 971 million XRP. Combined net inflows have exceeded $1.4 billion since launch, including $118 million during May 2026.

XRP Price Stayed Within a Narrow Trading Range

Canada also expanded the spot XRP ETF market through the Purpose XRP ETF. The fund launched during June 2025 and now manages about 72 million Canadian dollars. That product increased regulated investment access outside the United States.

The broader XRP market still traded within a narrow range despite growing institutional participation. Prices moved mostly between $1.15 and $1.40 during recent months. Market performance largely matched broader cryptocurrency trends.

The spot XRP ETF story shows stronger institutional participation without a matching price recovery. XRP traded at $1.14 at press time after gaining about 1% daily. The token also recorded an 8.5% gain over the previous week.

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