Grayscale's XRP Trust ETF Sees Massive Drop in Holdings
Grayscale's XRP Trust ETF has seen a significant drop in its holdings, according to a recent filing by Ripple with the SEC.
The trust sold 103.41 million XRP worth $180.78M during the first half of 2026, reducing its holdings from 122.23 million tokens at the end of 2025 to 55.04 million by June 30.
This marks a worrying drop in institutional adoption for the digital asset, as the value of the trust's XRP holdings fell from $223.36M at the end of 2025 to $57.41M on June 30.
Grayscale recorded a $34.16M realized loss on XRP sold for share redemptions, along with a $17.47 million unrealized loss on its remaining XRP position.