XRP News Today: XRPH11 ETF Plummets 20.6% Since Launch in Brazil

The world’s first spot XRP exchange-traded fund, XRPH11, has experienced a significant downturn, plummeting over 20 percent since its launch in Brazil. Issued by Hashdex and listed on the B3 stock exchange, the ETF has struggled to sustain investor interest following a sharp decline in XRP’s market value.

On June 13, XRPH11 closed trading at 18.65 BRL, or approximately $3.37, marking a 6.33 percent single-day drop. Over the past month, the fund has dipped 20.6 percent, despite the initial excitement surrounding its launch in late April. Investor expectations that the ETF would drive demand for XRP have not materialized, as the fund has mirrored XRP’s volatile price movements without showing signs of sustained growth or support from major investors.

The asset has faced significant opposition, with prices lingering around $2. While XRP has seen occasional gains, these increases have not been sustained enough to enhance the value of the ETF. Market watchers attribute XRPH11’s limited impact to Brazil’s smaller financial market, which offers lower liquidity and reduced institutional participation compared to larger economies. This restricts the ETF’s growth potential and makes it difficult for the fund to retain investor interest due to XRP’s weak performance.

As attention shifts from Brazil to the United States, the regulatory outlook in the U.S. may influence future demand for XRP ETFs. The U.S. Securities and Exchange Commission is expected to make a decision soon regarding pending spot XRP ETF proposals from Franklin Templeton and WisdomTree. Both submissions are undergoing a public review, and the outcome could revive XRP in the market and affect investor sentiment towards related products worldwide, including XRPH11.

Additionally, Ripple and the SEC are seeking a court decision to reduce the scope of restraints on institutional XRP sales. This ruling could impact the regulator’s outlook for future ETF applications. Market experts explain that without regulatory advancements or market triggers, both XRP and XRPH11 may continue to struggle. The steep decline in XRPH11’s value highlights the challenges of launching crypto ETFs in emerging markets, where real momentum may depend on regulatory clarity and broader global participation.