The world’s first spot XRP ETF has fallen nearly 45% from its all-time high, pointing to continued volatility surrounding the cryptocurrency, which has struggled to break above key resistance levels.
In this regard, Hashdex Nasdaq XRP Fundo de Índice (XRPH11), listed on Brazil’s B3 exchange, closed at $2.11 on Friday, marking a 44.45% decline from its peak.
Launched in April 2025, XRPH11 became the first spot XRP ETF to offer direct exposure to the cryptocurrency through a regulated exchange-traded fund structure. The fund tracks the Nasdaq XRP Reference Price Index and holds XRP directly.
After surging in the months following its launch, the ETF entered a prolonged downturn that accelerated throughout 2026. The fund is now down more than 57% over the past year and about 31% year-to-date.
XRPH11 all-time price chart.Source: TradingView
While Brazil pioneered the spot XRP ETF market, larger North American markets quickly overtook it.
Canada launched its first spot XRP
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