21Shares XRP ETF loses 54% of assets as redemptions lock in $13.4 million loss

The 21Shares XRP ETF lost more than half its assets during the first six months of 2026 as falling XRP prices collided with heavy redemptions that crystallized $13.36 million in losses.

TOXR ended June with $112.9 million in net assets, down 54.4% from $247.7 million at the end of December, its Aug. 11 quarterly filing showed. XRP fell 42.9% to $1.0431 over the same period, while the fund’s outstanding shares dropped 20% to 11.11 million from 13.89 million.

The difference shows how investor withdrawals amplified the damage from XRP’s price decline.

TOXR recorded $75 million of redemption distributions during the half against $25.5 million contributed through creations, leaving the fund with $49.5 million in negative net capital transactions. It issued 1.47 million shares while 4.25 million were redeemed.

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