World’s first spot XRP crashes almost 10% in a week
Summary ⚈ The world’s first spot XRP ETF has dropped 10% in its debut week amid market volatility. ⚈ U.S. SEC has delayed the XRP ETF decision to June 2025, possibly tied to the Ripple case timeline. ⚈ Approval odds sit at 74% as XRP futures ETFs await May launch. The world’s first spot XRP exchange-traded fund (ETF), listed under the ticker XRPH11 on Brazil’s B3 stock exchange, is off to a rocky start, tumbling nearly 10% over the past week. The XRP HASH CI ETF closed the May 5 trading session at R$19.30 ($3.47), ending the day down 3.5%. Over the past five trading sessions, the ETF has dropped by 8.70% amid a broader cryptocurrency market volatility. XRPH11 all-time price chart. Source: TradingView Despite a promising debut, the ETF has struggled to gain momentum, facing headwinds from the relatively small Brazilian market and mounting selling pressure on XRP. As of press time, XRP was trading at $2.10, down over 4% in the last 24 hour...