21Shares XRP ETF loses 54% of assets as redemptions lock in $13.4 million loss
The 21Shares XRP ETF misplaced greater than half its assets in the course of the first six months of 2026 as falling XRP costs collided with heavy redemptions that crystallized $13.36 million in losses.
TOXR ended June with $112.9 million in internet assets, down 54.4% from $247.7 million on the finish of December, its Aug. 11 quarterly submitting showed. XRP fell 42.9% to $1.0431 over the identical interval, whereas the fund’s excellent shares dropped 20% to 11.11 million from 13.89 million.
The distinction exhibits how investor withdrawals amplified the harm from XRP’s price decline.
TOXR recorded $75 million of redemption distributions in the course of the half in opposition to $25.5 million contributed by creations, leaving the fund with $49.5 million in adverse internet capital transactions. It issued 1.47 million shares whereas 4.25 million had been redeemed.
Those redemptions additionally pressured half of the fund’s XRP holdings to be realized at a loss. TOXR acknowledged $13.36 million of losses on XRP disposed of for redemptions, whereas one other $71.52 million of depreciation remained unrealized on tokens it continued to carry.
Q2 restoration failed to supply sustained demand
The fund’s redemption strain eased sharply in the course of the second quarter, however subsequent flows counsel the development didn’t develop right into a broader restoration.
Per the submitting, the primary quarter accounted for 4.03 million of the 4.25 million shares redeemed in the course of the half and $11.68 million of the $13.36 million realized redemption loss.
Between April and June, TOXR as an alternative created 480,000 shares and redeemed 220,000, producing internet issuance of 260,000 shares. Even with that improve, the fund’s NAV fell 20.56% in the course of the quarter as XRP declined 22.37%.
However, that stabilization has remained fragile regardless of XRP-linked funds performing strongly in the present market circumstances.
CryptoSlate beforehand reported that XRP funds are presently on a four-month inflow streak that has drawn around $300 million.
During this era, TOXR has carried out weakly, registering lower than 5 days of influx price round $6 million, whereas its cumulative internet circulation since launch has fallen to roughly -$20 million. Notably, the fund is the one US spot XRP ETF with adverse cumulative flows.
At the identical time, its share rely stood at 11.12 million on Aug. 11, solely 10,000 above its June stage.
Meanwhile, 21Shares reported $109.58 million in assets, under the $112.9 million recorded at quarter-end, leaving the fund smaller even after the second quarter’s transient enchancment in creations.
The put up 21Shares XRP ETF loses 54% of assets as redemptions lock in $13.4 million loss appeared first on CryptoSlate.
