💢😱💢𝗚𝗥𝗔𝗬𝗦𝗖𝗔𝗟𝗘 𝗦𝗘 𝗗𝗘𝗦𝗙𝗔𝗭 𝗗𝗘 𝟭𝟬𝟯 𝗠𝗜𝗟𝗛𝗢̃𝗘𝗦 𝗗𝗔 𝗖𝗥𝗬𝗣𝗧𝗢
$XRP ִֶָ𓂃 ࣪˖ ִִֶֶָ🥀་༘࿐
(。Ó﹏Ò。) Grayscale XRP Trust ETF (GXRP) revealed in an official document sent to the SEC a sharp reduction in its position during the first half of 2026.
The fund redeemed approximately 103.4 million XRP, equivalent to US$ 180.78 million, to meet investors who requested redemption of their shares.
🔥 There Was a Realized Loss
According to Form 10-Q, selling XRP to cover these redemptions resulted in a realized loss of US$ 34.16 million over the semester. In addition, the fund recorded another US$ 17.47 million in unrealized depreciation of its position.
The impact on equity was huge.
At the end of 2025, the trust held about 122.23 million XRP, valued at US$ 223.36 million.
On June 30, 2026, approximately 55.04 million XRP remained, valued at just US$ 57.41 million.
😮 This represents a reduction of more than half of the amount of XRP held by the product.
But there’s a key detail:
this does not necessarily mean that Grayscale decided to abandon XRP.
The fund also received approximately 36.27 million
$XRP , equivalent to US$ 66.58 million, from new share creations during the same period. The big net outflow happened because redemptions far exceeded new inflows.
In share terms, 1.87 million shares were issued, while 5.33 million were redeemed during the first half of the year.
🧠 Therefore, the real question isn’t just “Why did Grayscale sell
$XRP ❓”.
It is:
Why did so many investors decide to leave GXRP during the first half of 2026?
👇 Is this just realizing losses or a sign of weakening institutional demand?
#xrp #Grayscale #etf