The world’s first XRP spot exchange-traded fund (ETF) has declined by approximately 45% since its launch, as the asset continues to struggle with significant volatility.
The fund, trading under the ticker XRPH11 on Brazil’s main stock exchange, closed at 11.19 BRL ($2.13) on Friday, down 3.7% for the day. It has posted a year-to-date loss of 30.5% and an all-time decline of 44%.
XRPH11 all-time price chart. Source: TradingView
The ETF tracks the Nasdaq XRP Reference Price Index and holds direct exposure to the token, with its value eroding in line with XRP itself.
The Brazilian asset manager behind the product secured approval from the country’s securities regulator in February 2025, and the ETF began trading on April 25, 2025, becoming the world’s first spot XRP ETF.
It provided retail and institutional investors in Brazil with regulated exposure to XRP through standard brokerage accounts, removing the need for personal wallets and private-key management.
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