📉 XRP ETF Faces Challenges in Brazil Amid Market Headwinds

The world’s first spot XRP ETF, XRPH11, listed on Brazil’s B3 exchange by Hashdex, has seen a decline of over 20% since its launch. Despite early excitement, the ETF’s value has struggled alongside XRP’s volatile price movements, closing recently at 18.65 BRL (~$3.37), reflecting investor caution.

Limited liquidity and institutional involvement in Brazil’s market have constrained growth for the ETF. Meanwhile, the global spotlight shifts to the U.S., where regulatory decisions on XRP ETF proposals could influence future demand and market sentiment.

As regulatory clarity evolves, XRP and related products may find new momentum. Stay informed and trade responsibly on Binance.

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