Grayscale’s XRP ETF Sold $180 Million in Tokens After Major Loss

Grayscale XRP Trust ETF disclosed selling more than $180 million in tokens during the first half of 2026, according to a new SEC filing that also revealed significant realized losses.

The numbers show how sharply redemptions and falling prices have eroded trust over six months.

What the SEC Filing Actually Shows

A Form 10-Q is the quarterly report filed with the Securities and Exchange Commission (SEC) detailing financial performance and holdings. Grayscale's submission covers the period ending June 30.

The headline figure stands out. The trust cashed out $180.78 million worth of XRP, selling 103.41 million tokens to redeem investor assets.

Holdings contracted dramatically as a result. The trust held 122.23 million XRP at the end of 2025, a figure that dropped to 55.04 million by June 30. Net assets fell even faster. The value declined from $223.36 million in December to just $57.41 million at the end of June.

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