World’s First Spot XRP ETF Sinks 20%. Here’s What Happened

The world’s first spot XRP exchange-traded fund (ETF), listed under the ticker XRPH11 on Brazil’s B3 stock exchange, has recorded a significant downturn since its debut. Issued by Brazilian asset manager Hashdex, the ETF is now down over 20% from its recent highs, reflecting broader weakness in XRP’s market performance. As of June 13, XRPH11 ended trading at 18.65 BRL, approximately $3.37. This marked a 6.33% daily loss and a 6.75% drop from the fund’s highest recorded price. Over the past 30 days, the product has declined by 20.6%, despite initial enthusiasm surrounding its late-April launch Market observers note that while spot ETFs typically provide upward momentum for the associated digital asset, XRPH11 has so far failed to establish a stable growth pattern. Since its introduction, XRPH11 has mirrored XRP’s volatile trajectory. Although the asset has experienced brief price recoveries, it continues to struggle with maintaining any sustained move beyond the $2 threshold. These price fluctuations have directly impacted the ETF’s value, reducing its potential appeal to institutional and retail investors in the short term. Limited Market Scope May Curb Impact Analysts tracking the ETF’s early performance have suggested that the fund’s limited influence could be attributed to Brazil’s relatively modest capital market compared to those in more dominant jurisdictions, such as the United States. While the launch marked a milestone for XRP-focused financial products, the overall reach and liquidity of XRPH11 remain constrained by local investor participation and exchange dynamics. The lack of consistent upward movement in XRP’s price has also contributed to diminished interest in the ETF, reinforcing the argument that broader market conditions and jurisdictional limitations are playing a central role in the fund’s early underperformance. Attention Shifts to U.S. Regulatory Decisions With XRPH11 faltering, market attention is now turning toward the United States, where several applications for spot XRP ETFs are currently under review by the Securities and Exchange Commission (SEC). Among the most closely watched is the Franklin XRP Fund by Franklin Templeton, with a decision expected on June 17 . We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Another application under review involves the WisdomTree XRP Trust, submitted by the Cboe BZX Exchange. This proposed fund is designed to give traditional investors direct access to XRP through standard brokerage platforms. The SEC began evaluating both proposals in May and has since opened a public comment period, aiming to determine whether the funds meet the regulator’s criteria for investor protection and market integrity. The timing and outcome of the SEC’s decision could depend in part on developments in the agency’s ongoing legal dispute with Ripple. A recent court filing on June 12 saw both parties request an indicative ruling from Judge Analisa Torres, seeking to lift restrictions on XRP sales to institutional investors and reduce the existing $125 million civil penalty . Any resolution on this front may influence the regulator’s approach to XRP-linked investment products. Current XRP Market Outlook XRP is currently priced at $2.16, representing a marginal 0.6% increase over the past 24 hours, but a 4.3% decrease on the weekly chart. Technical analysts believe that approval of a U.S.-based XRP ETF could push the asset toward a near-term target of $2.50. However, without a decisive regulatory breakthrough or positive market driver, the risk of falling below the $2 support level remains present. While XRPH11 marked a historic step for XRP’s integration into traditional financial markets, its weak performance since launch highlights the importance of regulatory clarity and broader market participation. The coming weeks, particularly with the SEC’s June 17 decision, may determine whether investor sentiment around XRP ETFs can rebound meaningfully. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post World’s First Spot XRP ETF Sinks 20%. Here’s What Happened appeared first on Times Tabloid .

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