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%.
