Grayscale Cuts XRP Holdings by 27% in SEC Filing

Grayscale's XRP position in its CoinDesk Crypto 5 ETF has decreased by 27% to 12.3 million tokens, according to a recent SEC filing.

The drop from 16.87 million XRP reported last year represents a significant reduction, with the fair value also plummeting by 67.2% to $12.83 million.

However, Grayscale's XRP holdings are not entirely sold; instead, the decrease is largely attributed to fund redemptions and lower valuation of the token.

The fund received around 3 million XRP in contributions but redeemed approximately 7.44 million XRP during the year, leading to a net loss.