North America's first spot XRP ETF, the 3iQ XRP ETF (XRPQ.U), has experienced a significant decline, dropping nearly 18% over the past month to $11.32 as of October 22. This downturn reflects broader altcoin market weakness, with XRP itself struggling to maintain a price above $2. Launched in June 2025, the ETF remains up 5.91% since its inception. Meanwhile, U.S. asset managers are actively seeking approval for similar XRP ETF products, though the SEC has not yet granted any approvals. Analysts anticipate a potential U.S. XRP ETF launch by late 2025, which could impact XRP's market price. Currently, XRP is trading at $2.39, marking a 1% decrease in the last 24 hours.