XRP ETF Takes $82M Influx but Loses $81.6M on Unrealized Depreciation

Canary Capital's XRP ETF (XRPC) saw its net assets decline by $81.6 million in the first half of 2026, despite a net influx of $82.36 million through capital-share transactions.

This loss was largely due to $159.70 million in unrealized depreciation of XRP holdings, which far exceeded the value added by these transactions.

XRPC held 31.7% more XRP at midyear than at the end of 2025, but this increased quantity was worth less in dollars due to falling prices.

The fund's redemptions did not exceed its new share activity, with net capital-share transactions remaining positive, albeit overshadowed by the significant accounting decrease from operations.