An investor who put $1,000 into the world’s first spot $XRP ETF when it launched in April 2025 would now have a loss of about $457.
In this line, Brazil’s Hashdex Nasdaq $XRP Fundo de Índice (XRPH11) debuted on April 25, 2025, becoming the first regulated spot $XRP exchange-traded fund.
The fund, which holds nearly all of its assets in physical $XRP and tracks the Nasdaq $XRP Reference Price Index, launched with roughly $40 million in assets under management.
As of the July 3 market close, XRPH11 traded at 9.14 Brazilian reals ($1.74). Since launch, the fund has recorded an all-time decline of 54.3%, reducing a $1,000 initial investment to approximately $457.
After reaching its peak shortly after launch, XRPH11 entered a prolonged downtrend. The ETF ended the past year down 53.77%, while its six-month performance fell 43.23%.
Assets under management have also declined from around $40 million at launch to roughly $22 million to $25 million as of early July 2026.
ETF impact on $XRP price
The fund’s relatively small size also limited its influence on the broader $XRP market. Brazil’s crypto ETF sector represented less than 1% of global crypto exchange-traded product assets when XRPH11 launched, meaning the ETF generated little buying pressure to materially affect $XRP’s price.
The landscape changed significantly after spot $XRP ETFs launched in the United States in November 2025.
Products from issuers including Canary Capital, Bitwise, Franklin Templeton, Grayscale, 21Shares, and REX-Osprey quickly attracted substantially more capital than Brazil’s pioneering fund.
At the time of reporting, the seven active U.S. spot $XRP ETFs collectively managed approximately $1.05 billion in assets and held nearly 971 million $XRP, representing about 0.97% of the token’s circulating supply.
Combined net inflows have surpassed $1.4 billion since launch, with May 2026 alone bringing in $118 million in new investments.
Canada has also expanded regulated $XRP investment access through products such as the Purpose $XRP ETF, which launched in June 2025 and now manages approximately 72 million Canadian dollars.
Despite growing institutional participation, $XRP has remained largely range-bound between $1.15 and $1.40 in recent months, trading broadly in line with the wider cryptocurrency market.
By press time, $XRP was trading at $1.14, up about 1% over the past 24 hours. On the weekly timeframe, the asset had gained 8.5%.