The Reality of the World's First Ripple (XRP) Spot ETF… $1,000 Investment Reduced to $457

▲ XRP ETF/ChatGPT generated image ©

While the successive launch of XRP (Ripple) spot ETFs is expanding institutional investor participation, investors who put their money into the world's first such product are still recording significant losses. However, in the US market, fund inflows are rapidly increasing, indicating a significant change in market conditions compared to the early days of its launch.

According to the cryptocurrency media outlet Finbold on July 6 (local time), the asset value of an investor who put $1,000 into the Brazilian Hashdex Nasdaq XRP Index Fund (Hashdex Nasdaq XRP Fundo de Índice·XRPH11), the world's first XRP spot ETF, at the time of its launch, has now decreased to approximately $457. The ETF was launched on April 25, 2025, and its cumulative return has fallen by 54.3% since its listing.

XRPH11 is a product that invests most of its assets in spot XRP and tracks the Nasdaq XRP Reference Price Index. At the time of its launch, it had approximately $40 million in assets under management (AUM), but as of early July this year, its AUM has decreased to about $22 million to $25 million. The ETF price also recorded 9.14 Brazilian Reals (approximately $1.74) at the closing price on July 3, with a recent one-year return decrease of 53.77% and a recent six-month return decrease of 43.23%.

The media analyzed that the impact on XRP prices was not significant, as the scale of the Brazilian ETF was limited. At the time, Brazil's cryptocurrency ETF market accounted for less than 1% of global cryptocurrency exchange-traded product (ETP) assets, thus failing to provide meaningful buying pressure for XRP.

In contrast, the situation has changed significantly in the United States. Since the launch of XRP spot ETFs in the US in November 2025, products from major asset managers such as Canary Capital, Bitwise, Franklin Templeton, Grayscale, 21Shares, and REX-Osprey have attracted significantly more funds than the Brazilian ETF. Currently, the seven XRP spot ETFs trading in the US have approximately $1.05 billion in AUM and hold about 971 million XRP. This accounts for approximately 0.97% of the total circulating supply. Cumulative net inflows since the ETF launch have exceeded $1.4 billion, with $118 million newly flowing in during May 2026 alone.

In Canada, regulated investment vehicles are also expanding through the Purpose XRP ETF, launched in June 2025. However, despite increased institutional investor participation, XRP's price has shown limited movement within the $1.15-$1.40 range in recent months. As of the time of reporting, XRP was trading at $1.14, having risen by approximately 1% in the last 24 hours and 8.5% in the last week.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*