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Paul L.

Brazil's first XRP spot ETF XRPH11 drops 44% from launch as XRP trades at $1.36

The world's first spot XRP ETF, XRPH11 on Brazil's main stock exchange, has fallen about 44% since launch and closed at 11.19 BRL ($2.13) on Friday, reflecting the token's ongoing volatility. Launched on April 25, 2025 after regulatory approval in February 2025, the fund now shows a year-to-date loss of 30.5% while XRP itself trades around $1.36, below key moving averages that signal a bearish trend.