Daily News 19

Tag: XRP ETF

  • Solana (SOL) ETF Beats XRP by an Unexpected 300%

    Solana (SOL) ETF Beats XRP by an Unexpected 300%

    Solana ETF Funds Surpass XRP in Net Assets

    Solana’s institutional investment products are gaining ground against XRP, with Solana funds now holding $1.93 billion in net assets compared with $1.68 billion for $XRP. Solana also has nine ETFs available, while $XRP has five.

    The shift is notable because XRP still has the larger market capitalization. $XRP is valued at $95.47 billion, compared with $70.69 billion for $SOL. However, Solana products account for 2.72% of the token’s market capitalization, significantly above XRP’s 1.76%. Daily value traded also favors Solana, at $90.43 million versus $39.37 million for $XRP.

    Solana Price Action Signals Continued Strength

    Market demand is also reflected in Solana’s price performance. $SOL moved decisively above its 200-day moving average near $95 after climbing from the $75 area in early August to approximately $119.81. The token recorded higher highs in September, reaching a local peak near $125.

    Solana’s 50-day moving average is pulling away from its 200-day moving average. Both averages are rising and arranged in a bullish stack, a technical pattern that indicates sustained upward momentum. However, the latest candles show some cooling after the move toward $125, accompanied by declining volume.

    Solana Is Strong but Not Heavily Overbought

    The relative strength index remains comfortably near 60 rather than in an extreme overbought range. This suggests that Solana has room for additional gains without immediately entering heavily overbought territory. The recent pullback from $125 provides further evidence that momentum has moderated without eliminating the broader bullish trend.

    Recent ETF Momentum Favors Solana

    Institutional appetite is currently leaning toward Solana, and ETF flows are often used as a proxy for institutional demand. XRP continues to lead in cumulative inflows, but the more recent momentum has clearly shifted toward $SOL.

    The gap in assets under management and market share could widen if $SOL holds support at $110 and inflows continue at the current rate. Solana’s ETF footprint remains modest compared with Bitcoin’s $107.82 billion and Ethereum’s $17.69 billion, but its trajectory is the more important factor in this comparison.

    Why This Matters

    Solana’s higher ETF net assets, larger number of available funds and stronger recent trading momentum indicate growing institutional participation in the network’s investment products. Although XRP retains the lead in cumulative inflows and has a larger market capitalization, Solana is currently gaining ground in the measures tied to product adoption and recent demand.

    The next indicators to watch are whether $SOL can maintain support at $110, whether ETF inflows remain elevated and whether the token’s bullish moving-average structure persists. These factors will determine whether Solana’s recent advantage develops into a broader and sustained shift in institutional demand.

    Frequently Asked Questions

    How much do Solana and XRP funds hold?

    Solana funds hold $1.93 billion in net assets, while $XRP funds hold $1.68 billion.

    How many ETFs are available for Solana and XRP?

    Solana has nine ETFs available, compared with five for $XRP.

    Is Solana currently overbought?

    Solana’s RSI is near 60, which is below an extreme overbought level. Recent price action has shown a pullback from about $125 and fading volume, leaving room for further upside according to the reported technical indicators.

  • Ripple News and XRP Price Update: September 25

    Ripple News and XRP Price Update: September 25

    Key Highlights

    • Spot XRP ETFs have attracted roughly $1.75 billion in cumulative net inflows across 10 consecutive positive weeks, with new filings from T. Rowe Price and Exchange Listed Funds Trust signaling expanding institutional appetite.
    • Whales accumulated over 1.54 billion XRP tokens in approximately 96 hours following the CLARITY Act’s failure, viewing the resulting pullback as a strategic entry point.
    • Ripple’s RLUSD stablecoin has reached a $2.37 billion market capitalization—ranking ninth among stablecoins—while XRP itself corrected 8% to $1.47 after touching a 2026 high near $1.65.

    Institutional Momentum Builds Around XRP ETFs

    Spot XRP exchange-traded funds continue to draw substantial capital from conservative investors, underscoring sustained institutional confidence in Ripple’s cross-border token despite recent price volatility. According to data reported by CryptoPotato, these financial vehicles have posted ten straight weeks of positive flows, pushing cumulative net inflows to approximately $1.75 billion. The past two sessions extended the streak, suggesting the upward trajectory remains intact. Current issuers include Bitwise, Franklin Templeton, Canary Capital, 21Shares, and Grayscale, while additional managers await regulatory clearance to launch their own products.

    The pipeline of forthcoming funds highlights growing sophistication in crypto-linked investment strategies. T. Rowe Price recently amended its crypto ETF filing to include a 9.15% allocation to XRP within a multi-asset basket. Separately, Exchange Listed Funds Trust submitted the “CYBER HORNER S&P 500® and $XRP 75/25 Strategy ETF” to the U.S. Securities and Exchange Commission. If approved, the product would offer investors blended exposure to the broad equity benchmark and Ripple’s native token in a fixed 75/25 ratio, marking a notable convergence of traditional and digital asset structures.

    Whale Accumulation Signals Confidence Amid Regulatory Uncertainty

    Large-scale holders have seized on recent weakness to aggressively increase positions. Over a roughly four-day window last week, whales acquired more than 1.54 billion XRP units. The accumulation began shortly after the CLARITY Act failed to advance in the United States, an event that triggered a market pullback. On-chain behavior suggests these investors interpreted lower prices as a buying opportunity rather than a signal to exit, reinforcing the narrative that long-term conviction remains undimmed by legislative setbacks.

    Ripple Expands Stablecoin Strategy at MESA Forum

    Ripple’s institutional outreach took center stage at the MESA Forum, where Reece Merrick, Managing Director for the Middle East & Africa, appeared alongside representatives from financial heavyweights BlackRock and HSBC. The panel addressed stablecoins, tokenized deposits, and tokenized money-market funds—areas where traditional finance and blockchain infrastructure increasingly intersect. Merrick emphasized the strategic rationale behind Ripple’s dollar-pegged stablecoin, stating: “Stablecoins: The always-on layer moving value between institutions without existing relationships (why $RLUSD was built not to replace bank money, but to let it travel).”

    Merrick also signaled Ripple’s deepening footprint in the United Arab Emirates, noting the jurisdiction is “open for business” and “actively building.” In summer 2025, the Dubai Financial Services Authority formally recognized RLUSD as a crypto token within the Dubai International Financial Center. Since its December 2024 launch, the stablecoin has secured backing from prominent exchanges and institutions, propelling its market capitalization to $2.37 billion—making it the 43rd-largest cryptocurrency overall and the ninth-largest stablecoin by market value.

    Price Correction Tests Key Technical Levels

    After rallying to nearly $1.65 earlier this week—the highest level since the start of 2026—XRP succumbed to a broad-market correction, sliding approximately 8% to $1.47 according to CoinGecko data. Technical observers are now watching whether bulls can reclaim the $1.50 threshold to reignite upward momentum. Pseudonymous analyst Diana identified $1.61 as the critical resistance level that must be cleared to open a path toward the $1.70–$2.00 range. The token’s ability to stabilize above current levels will likely determine whether the recent ETF and whale-driven fundamentals can override near-term macro headwinds.

    Why This Matters

    The convergence of regulated ETF products, sovereign-grade stablecoin adoption, and persistent whale accumulation paints a picture of maturing institutional infrastructure around the XRP ecosystem. While legislative efforts like the CLARITY Act stall in Washington, market participants are advancing practical solutions—tokenized deposits, multi-asset ETFs, and cross-border stablecoin rails—that bypass the need for immediate regulatory perfection. Ripple’s engagement with entities such as BlackRock, HSBC, and the DFSA signals that major financial centers are treating blockchain-based value transfer as an operational reality rather than a speculative experiment. For investors, the key question becomes whether the current correction represents a healthy consolidation within a longer uptrend or a deeper repricing driven by macro liquidity conditions.

    Frequently Asked Questions

    Which firms have launched spot XRP ETFs so far?
    Bitwise, Franklin Templeton, Canary Capital, 21Shares, and Grayscale currently offer spot XRP ETFs. Additional issuers, including T. Rowe Price and Exchange Listed Funds Trust, have filed for new products awaiting SEC approval.
    What is RLUSD and how large has it grown?
    RLUSD is Ripple’s U.S. dollar-pegged stablecoin, launched in December 2024. It has reached a $2.37 billion market capitalization, ranking as the ninth-largest stablecoin and the 43rd-largest cryptocurrency overall. The Dubai Financial Services Authority recognized it within the DIFC in summer 2025.
    What price levels are analysts watching for XRP’s next move?
    After falling to $1.47, traders are monitoring a reclaim of $1.50 as the first step toward renewed bullish momentum. The key resistance sits at $1.61; a decisive break above that level could open the door to a $1.70–$2.00 target zone, according to technical analysis cited in the market.
  • Bitwise Buys Over $19 Million in XRP

    Bitwise Buys Over $19 Million in XRP

    Key Highlights

    • XRP ETFs recorded their strongest single-day inflows since September began, with over $20 million flowing into the market during the latest trading session.
    • Bitwise dominated the inflows, purchasing $19.17 million worth of XRP in one day — its largest acquisition in recent months — bringing its total XRP holdings to approximately $615 million in net assets.
    • XRP surged more than 8% on the same day, breaking key resistance at $1.65 and reigniting momentum toward the $2 price target.

    Bitwise Leads Record Inflows as XRP ETFs Post Best Day Since Early September

    The cryptocurrency exchange-traded fund market recorded its first net inflow of the week as XRP-focused products attracted over $20 million in combined capital during the latest trading session — marking the strongest single-day performance for the category since September began. The surge was overwhelmingly driven by a single issuer: Bitwise Asset Management, which accounted for nearly the entire inflow after executing its largest XRP purchase in months.

    Bitwise Captures Nearly All Fresh Capital with $19.17 Million XRP Acquisition

    On-chain data confirms that Bitwise acquired $19.17 million worth of XRP in a single day, a move that followed what the firm described as a substantial surge in institutional interest in its XRP-based investment product. The purchase propels Bitwise’s total XRP holdings to approximately $615 million in net assets, reinforcing its position as the dominant player in the XRP ETF space. By contrast, Franklin Templeton’s XRP ETF recorded a modest inflow of roughly $862,000 on the same day, while all other XRP ETFs reported no net inflows, leaving Bitwise responsible for the vast majority of new capital entering the market.

    XRP Price Breaks $1.65 Resistance, Eyes $2 Target as Momentum Builds

    The inflow surge coincided with a sharp 8% intraday rally in XRP’s spot price, pushing the token above the $1.65 resistance level that had capped gains for several weeks. Technical analysts note that the breakout, supported by rising volume and institutional accumulation, positions XRP on a potential trajectory toward the psychologically significant $2 threshold. The synchronized move between ETF flows and spot price action suggests growing conviction among professional allocators, rather than purely speculative retail-driven momentum.

    Why This Matters

    The concentration of inflows into Bitwise’s XRP ETF underscores a broader trend: institutional investors are increasingly differentiating between issuers based on custody infrastructure, liquidity provision, and regulatory track record. Bitwise’s early-mover advantage in the crypto ETF space — combined with its transparent on-chain reporting and established relationships with prime brokers — appears to be translating into a durable capital moat. Meanwhile, the XRP price breakout above $1.65 carries technical significance, as this level has acted as a multi-test ceiling since mid-year. A sustained move above it could trigger algorithmic buying and options gamma hedging, amplifying upside toward $2. However, the market remains sensitive to regulatory developments, particularly the ongoing SEC appeal in the Ripple Labs case, which continues to cast a shadow over long-term institutional allocation decisions.

    Frequently Asked Questions

    How much did Bitwise invest in XRP during the latest session?

    Bitwise purchased $19.17 million worth of XRP in a single trading day, its largest acquisition in recent months.

    What is Bitwise’s total XRP holding value now?

    Bitwise’s XRP ETF now holds approximately $615 million in net assets, making it the largest XRP fund by a wide margin.

    Did other XRP ETFs see inflows on the same day?

    Franklin Templeton’s XRP ETF recorded a modest inflow of about $862,000, while all other XRP ETFs reported zero net inflows.

  • Ripple CEO, Wall Street Heavyweights Head to Swell 2026: Agenda Revealed

    Ripple CEO, Wall Street Heavyweights Head to Swell 2026: Agenda Revealed

    Key Highlights

    • Swell 2026 merges Ripple’s Swell and Apex conferences into a three-day event in New York (October 27–29) with over 100 speakers and 80 sessions.
    • High-profile speakers include Ripple CEO Brad Garlinghouse, CME Group’s Terrence Duffy, Bullish CEO Tom Farley, actor Matt Damon, and executives from BNY, Coinbase, Robinhood, Barclays, State Street, and Jump Trading.
    • Agenda focuses on institutional crypto adoption: tokenized real-world assets, stablecoin infrastructure, AI-driven payments, post-quantum security, and the first year of spot XRP ETFs.

    Swell 2026 Agenda Unveiled: Ripple Merges Flagship Conferences for New York Event

    Ripple has published the full agenda for Swell 2026, a three-day conference running October 27–29 in New York City that combines the company’s Swell and Apex events for the first time. The program features more than 100 speakers across 80 sessions and three stages, targeting the intersection of traditional finance and blockchain infrastructure.

    The announcement was made via the official Swell X account on September 16, 2026:

    The Swell 2026 agenda is live.Join us in New York, October 27–29, with Brad Garlinghouse, Terrence Duffy of CME Group, Tom Farley of Bullish, Matt Damon of @Water, leaders from @BNYglobal, @coinbase, @RobinhoodApp, @Barclays, @StateStreet, @jumptrading and many more.See the…
    — Swell (@RippleSwell) September 16, 2026

    Speaker Lineup Bridges Traditional Finance and Crypto

    The roster reflects Ripple’s strategy of convening decision-makers from both established financial institutions and digital-asset natives. Confirmed participants include:

    • Brad Garlinghouse, CEO, Ripple
    • Terrence Duffy, Chairman and CEO, CME Group
    • Tom Farley, CEO, Bullish
    • Matt Damon, Actor and Co-founder, Water.org
    • Senior leaders from BNY, Coinbase, Robinhood, Barclays, State Street, and Jump Trading

    Three Thematic Tracks Define the Program

    Content is organized around three core pillars that signal where institutional crypto is heading:

    Liquidity and Settlement

    Sessions will examine how blockchain rails are reshaping cross-border payments, wholesale settlement, and the role of regulated market infrastructure.

    Tokenization of Real-World Assets

    A major focus on bringing traditional assets—treasuries, commodities, credit—on-chain with bank-grade compliance and custody.

    Stablecoins in Bank-Grade Production

    Practical discussions on issuance, regulation, interoperability, and adoption by financial institutions.

    Day 1 Highlights: Opening Remarks, AI Agents, and XRPL Roadmap

    The opening day packs several high-signal sessions:

    • Brad Garlinghouse delivers opening remarks followed by a 20-minute conversation.
    • Monica Long, Ripple President, converses with Johann Kerbrat, SVP and GM of Crypto at Robinhood.
    • Terrence Duffy (CME Group) takes the main stage for a dedicated conversation.
    • Aanchal Malhotra, Ripple research scientist, presents on the next frontier for XRPL research.
    • Jasmine Cooper, Head of Product at RippleX, outlines the XRPL roadmap for building an institutional DeFi stack.
    • Panel “What Happens When AI Moves Money” features Massimo Cervesato (Mastercard), Nilesh Dusane (AWS), Henri Stern (Privy co-founder), and Edward Woodford (ZeroHash) on AI agents, crypto infrastructure, and payments.
    • Mayukha Vadari, Ripple software engineer, introduces a new paradigm for building on the XRP Ledger with “smart features.”
    • David Schwartz, Ripple CTO Emeritus, and JA Akinyele discuss “Building What’s Next for XRPL.”
    • Jack McDonald, Ripple SVP of Stablecoins, and Brett Tejpaul, Coinbase Institutional co-CEO, cover advancement of crypto infrastructure.

    Day 2: Garlinghouse and Farley on Stage

    Day two features a main-stage conversation between Brad Garlinghouse and Tom Farley, CEO of Bullish, offering further insights into exchange infrastructure and institutional market structure.

    Additional Agenda Themes

    Beyond the day-one highlights, the program also addresses:

    • The first year of spot XRP ETFs — market dynamics, flows, and regulatory evolution.
    • AI agents that move money — autonomous economic agents, payment rails, and risk frameworks.
    • Post-quantum security — preparing blockchain cryptography for quantum-era threats.

    Why This Matters

    Swell 2026 signals a maturation milestone for enterprise blockchain adoption. By merging Swell (Ripple’s traditional finance-focused conference) with Apex (its developer-centric event), Ripple is explicitly positioning the XRP Ledger and its associated infrastructure—stablecoins, tokenization, custody—as production-ready for banks, asset managers, and market infrastructure providers. The speaker roster, heavy on C-suite executives from CME Group, BNY, Barclays, State Street, and major crypto exchanges, indicates that institutional deployment is moving from pilot to scale. Agenda topics like spot XRP ETFs, AI-agent payments, and post-quantum cryptography reflect the three vectors—capital markets, automation, and long-term security—that will define the next phase of crypto integration into global finance.

    Frequently Asked Questions

    When and where is Swell 2026 taking place?

    Swell 2026 runs October 27–29, 2026, in New York City. It combines Ripple’s Swell and Apex conferences into a single three-day event.

    Who are the headline speakers?

    Key speakers include Ripple CEO Brad Garlinghouse, CME Group Chairman Terrence Duffy, Bullish CEO Tom Farley, actor Matt Damon (Water.org), and executives from BNY, Coinbase, Robinhood, Barclays, State Street, and Jump Trading.

    What are the main themes on the agenda?

    The program centers on liquidity and settlement, tokenization of real-world assets, and stablecoins in bank-grade production. Additional tracks cover the first year of spot XRP ETFs, AI agents that move money, post-quantum security, and the XRP Ledger roadmap.

  • 2x Short XRP ETF Set for New Listing Date

    2x Short XRP ETF Set for New Listing Date

    Teucrium 2x Short Daily XRP ETF Launch Delayed to October 2026

    The XRP exchange-traded fund (ETF) market continues to expand as institutional investors seek increased exposure to the leading crypto asset. While several major products await regulatory approval from the U.S. Securities and Exchange Commission (SEC), one of the most anticipated listings has received a revised timeline.

    SEC Filing Reveals New Effective Date

    A recent post-effective amendment filed by Listed Funds Trust with the SEC shows that the launch of the proposed Teucrium 2x Short Daily XRP ETF has been pushed to next month. According to the filing, the effectiveness of the fund’s registration statement—filed under the Securities Act of 1933 and the Investment Company Act of 1940—has been delayed until October 11, 2026.

    The amendment automatically shifts the official launch window to a later date, though it does not guarantee trading will commence on that day.

    How the 2x Short Daily XRP ETF Works

    Per its design, the Teucrium 2x Short Daily XRP ETF aims to provide investors with 2x inverse daily exposure to XRP. This means the fund seeks to deliver twice the opposite of XRP’s daily performance before fees and expenses.

    For example, on a day when XRP declines by 3%, the fund would generally target a gain of approximately 6% for that same day, though actual returns may differ due to fees, expenses, and market conditions.

    Registration Effectiveness ≠ Trading Launch

    It is important to note that the new October 11, 2026 date reflects the delayed effectiveness of the registration statement only. The fund remains on the lineup for launch, but the move does not confirm that trading will begin on that date. Investors should monitor subsequent SEC filings and exchange notices for the official trading commencement announcement.

  • XRP Faces Key Test as Historical Pattern Points to Possible Pullback

    XRP Faces Key Test as Historical Pattern Points to Possible Pullback

    XRP Weekly Super Trend Flips Bullish, But Analyst Warns of Historical Pattern

    XRP’s weekly Super Trend indicator turned bullish on August 17 after the token rallied roughly 70% from $0.98 to $1.70. However, analyst ChartNerd cautions that this exact signal has marked local tops before deep pullbacks in every previous cycle dating back to 2019, and XRP is currently stalling at the resistance level that decided those earlier setups.

    Bullish Signal Meets Key Resistance Zone

    ChartNerd’s analysis focuses on the price action following XRP’s recovery from the $0.98 area. The token advanced about 70% toward $1.70, where it encountered the 50-week exponential moving average (EMA), currently near $1.52. Simultaneously, XRP has been trading between that resistance and the 20-week EMA around $1.29 to $1.30.

    “Whilst beneath the 50 and above the 20, we’re simply compressing,”

    ChartNerd said, describing the recent price action as a period of chop while traders wait for a clearer direction.

    That caution stems from XRP’s earlier cycle history. In 2022, the token rallied about 90% from its cycle low before a bullish Super Trend flip appeared around the 50-week EMA, a move followed by a 45% correction. In 2019, another bullish flip during the bear market preceded a 56% correction, and after the 2020 cycle low, XRP also printed a bullish flip before falling 32%.

    ChartNerd argues this pattern has appeared often enough to warrant caution.

    “Bullish super trends usually mark local tops,”

    the analyst said, while stressing that historical behavior does not guarantee the same outcome this time.

    He also placed a greater structural change around $1.90, noting that XRP would need to clear the $1.50 to $1.90 zone before the move toward its previous high looks more convincing. A short-term push above $1.52 is still possible, the analyst said, but even a close above the 50-week EMA would not automatically remove the historical warning.

    Price Action Remains Choppy This Week

    As CryptoPotato reported earlier, XRP dipped toward $1.39 during one leg of Bitcoin’s recent slide before buyers stepped back in to push it to $1.44. At the time of writing, the token had fallen close to 4% in the last 24 hours and was again trading near $1.38, according to CoinGecko data. It is up 1.5% over the past week but down more than 53% from a year ago, and remains about 62% below its all-time high of $3.65 from July 2025.

    Bitcoin has been chopping between $77,600 and $80,000 over the past few days, and XRP’s swings have largely tracked that back-and-forth rather than moving on independent catalysts.

    Futures Volume Surges, ETF Inflows Slow

    The Ripple token’s futures volume picked up in August, with trading across the three biggest exchanges topping $64 billion, the busiest month in half a year. Spot XRP ETFs continued adding money, although the pace slowed significantly, with weekly inflows dropping to just under $19 million last week after bringing in more than $110 million the week before. So far this week, SoSoValue data shows net inflows have hit about $13.83 million.

  • XRP ETF Leads as Sole Spot Crypto Product With Inflows, Outpacing Solana, Hyperliquid, Bitcoin ETFs

    XRP ETF Leads as Sole Spot Crypto Product With Inflows, Outpacing Solana, Hyperliquid, Bitcoin ETFs

    XRP Leads Daily Spot ETF Inflows as Bitcoin, Ethereum, Solana See Outflows

    Among major cryptocurrency assets, XRP posted the strongest daily exchange-traded fund (ETF) flow result on September 8, emerging as the only significant spot crypto ETF category to attract fresh investment. Bitcoin, Ethereum, Solana, and Hyperliquid products all recorded net withdrawals during the same session.

    XRP ETFs Draw $1.55M in Net Inflows

    According to the latest spot ETF data from Sosovalue, XRP products registered net inflows of approximately $1.55 million on September 8. While modest in absolute terms, the figure stands out against a backdrop of outflows across rival assets.

    • Bitcoin ETFs snapped a three-day inflow streak with net outflows of $46.65 million.
    • Ethereum spot products saw $24.29 million in withdrawals.
    • Hyperliquid ETFs experienced $12.96 million in outflows.
    • Solana reported a smaller outflow of $667,720.

    As a result, XRP was the sole asset among these five to post positive daily flows.

    Cumulative XRP ETF Metrics Remain Strong

    The broader picture for XRP funds remains constructive. Five U.S. spot XRP ETFs now hold combined net assets of roughly $1.51 billion, with cumulative net inflows of about $1.69 billion. In just the past 30 days, XRP products have attracted approximately $173 million in new capital.

    Price Action: XRP Holds Above Key Moving Average

    The flow divergence becomes especially notable when viewed against underlying price action. Following a significant August breakout, XRP is trading between $1.39 and $1.40, holding above its long-term moving average at $1.35. Buyers have so far prevented a full retracement toward pre-breakout levels, even as the initial rally has cooled.

    Other major assets are also consolidating despite negative ETF flows:

    • Bitcoin is steadying around $79,000 after a sharp recovery.
    • Hyperliquid (HYPE) remains near recent highs of $86.
    • Solana (SOL) is holding near $104 following a surge toward $110.

    Single Session Not Enough to Confirm Trend Shift

    However, one positive session does not confirm a durable rotation of institutional capital toward XRP. Bitcoin’s total ETF inflows remain vastly higher at approximately $55.59 billion.

    If XRP inflows persist while BTC, SOL, and HYPE products struggle to attract capital, the current divergence could signal relatively stronger institutional demand for XRP. For now, XRP has won the daily ETF flow comparison, but confirming a meaningful trend will require several more consecutive positive sessions.

  • First-Ever Spot XRP ETF Plunges 45%

    First-Ever Spot XRP ETF Plunges 45%

    The world’s first spot $XRP ETF has dropped nearly 45% from its all-time high, highlighting continued volatility in the cryptocurrency as it struggles to break above key resistance levels.

    Hashdex Nasdaq $XRP Fundo de Índice (XRPH11), listed on Brazil’s B3 exchange, closed at $2.11 on Friday. That price represents a 44.45% decline from the fund’s peak.

    Brazil’s first spot $XRP ETF extends its decline

    Launched in April 2025, XRPH11 became the first spot $XRP ETF to provide direct exposure to the cryptocurrency through a regulated exchange-traded fund structure. The fund tracks the Nasdaq $XRP Reference Price Index and holds $XRP directly.

    After rising sharply in the months following its launch, XRPH11 entered a prolonged downturn that intensified throughout 2026. The fund is now down more than 57% over the past year and approximately 31% year to date.

    XRPH11 all-time price chart. Source: TradingView

    North American spot $XRP ETFs attract larger inflows

    Although Brazil pioneered the spot $XRP ETF market, larger North American markets soon surpassed it.

    Canada launched its first spot $XRP ETFs in June 2025. Purpose Investments introduced XRPP, while 3iQ listed XRPQ on the Toronto Stock Exchange. Both funds offered regulated $XRP exposure supported by institutional-grade custody solutions.

    The United States followed later in 2025 with several spot $XRP ETF launches. Products from REX-Osprey, Canary Capital, Bitwise, Grayscale, Franklin Templeton, and 21Shares expanded access to $XRP through traditional brokerage accounts.

    By 2026, seven spot $XRP ETFs were trading in the United States. Together, they had attracted approximately $1.5 billion in cumulative net inflows and held more than 1 billion $XRP tokens in custody.

    Limited impact on $XRP price discovery

    Despite being the first product of its kind, XRPH11 has had a limited effect on $XRP price discovery compared with its North American counterparts.

    The Brazilian $XRP investment fund attracted relatively modest assets, while institutional capital and trading volumes increasingly shifted toward larger U.S. and Canadian products.

    At the same time, broader cryptocurrency market volatility and continued token releases from escrow weighed on investor sentiment.

    At press time, $XRP was trading at $1.38, down approximately 2.5% over the previous 24 hours. On the weekly timeframe, the asset had declined nearly 7%.

    $XRP seven-day price chart. Source: Finbold

    Overall, $XRP’s recent momentum has been pressured by the broader retreat across the cryptocurrency market.

    Featured image via Shutterstock