$XRP ETF Crashes 45% from All-Time High Amid Market Volatility

The first-ever spot XRP ETF, Hashdex Nasdaq $XRP Fundo de Índice (XRPH11), has crashed nearly 45% from its all-time high. The fund, listed on Brazil's B3 exchange, closed at $2.11 on Friday, marking a 44.45% decline from its peak.

Launched in April 2025, XRPH11 became the first spot XRP ETF to offer 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.

The ETF entered a prolonged downturn that accelerated throughout 2026. Over the past year, it is down more than 57%, and about 31% year-to-date.