Grayscale Sells $180M Worth of XRP Amid Price Decline

Grayscale's GXRP ETF has revealed in a recent SEC filing that it sold over $180 million worth of Ripple's XRP between January and June 2026. The trust also reported significant depreciation in net asset value due to the decline in XRP prices, resulting in massive realized losses.

The sale of XRP was largely driven by the redemption of shares by authorized participants, which led to a reduction in the trust's holdings from 122.23 million XRP at the end of 2025 to 55.04 million XRP as of June 30, 2026.

During this period, Grayscale received some new inflows, creating an additional 36.27 million XRPs valued at $66.58 million. However, outflows were significantly larger, resulting in a dramatic decrease in the trust's XRP holdings.