First U.S. Spot XRP ETF Plummets 40% Despite Institutional Interest
The debut U.S. spot XRP ETF has experienced a significant decline from its peak.
- The first U.S. spot XRP ETF has dropped over 40% from its peak.
- The ETF attracted institutional capital despite the sharp decline.
- XRP price is down 4.47% in the past 24 hours.
The first U.S. spot 
XRP exchange-traded fund (ETF) has suffered a substantial decline, falling more than 40% from its peak. This drop comes despite the ETF drawing considerable institutional investment since its launch.
The decline in the ETF's value is notable given the recent surge in interest and investment in cryptocurrency products. The XRP ETF was seen as a significant development for the broader crypto market due to its focus on institutional investors.
The broader crypto market is currently experiencing a downturn, with the total market cap at $2.91 trillion and 
Bitcoin down 3.07% in the past 24 hours. The Fear & Greed Index stands at 71, indicating a state of 'Greed' in the market.
XRP itself is also down, with its price at $1.45, representing a 4.47% decrease over the last day and a 4.39% drop over the past week. The market cap of XRP is currently $91.18 billion.
The sharp decline in the XRP ETF's value may reflect broader market volatility and potential concerns about the sustainability of recent crypto market gains. However, the fact that it has attracted institutional capital despite the decline suggests ongoing interest in XRP and crypto investment products.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,966.46 (about $1.44), down 4.5% over 24 hours. The naira itself trades about 2.8% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
XRP — questions
How much is 1 XRP worth in naira today?
About ₦1,966.46 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.44. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Has XRP's price moved since this brief was published?
XRP is down 0.69% since this brief first published — trading at $1.44 now versus $1.45 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Finbold. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.