Another major ETF discloses massive XRP sale
Grayscale XRP Trust ETF disclosed in an SEC filing that it sold about 103.41 million XRP worth $180.78 million in H1 2026. Holdings fell from 122.23 million XRP at end-2025 to 55.04 million XRP by June 30, 2026, with additional 36.27 million XRP created. The trust reported realized losses of $34.16 million and unrealized losses of $17.47 million.
How this was made
The 30-second read
Why it matters
The trust reduced XRP holdings sharply in H1 2026 and recorded realized and unrealized losses, indicating sustained outflows from the product.
Market read
Traders can use the disclosed redemption-driven selling to gauge potential near-term flow pressure on XRP from this specific investment vehicle.
What to watch
The article does not quantify whether sales were executed in spot markets immediately or via internal processes, nor does it compare to total market volume, limiting direct causality to price.
Background
The Grayscale XRP Trust ETF creates and redeems shares through authorized participants, with XRP withdrawals used to meet the sponsor’s fee and redemption needs.
Ticker impact
Grayscale XRP Trust sold about $180.78M of XRP in H1 2026, cutting holdings from 122.23M XRP to 55.04M by June 30.
Near-term downside bias for XRP, with magnitude likely secondary to broader crypto flows but directionally bearish.
The filing details substantial token outflows and realized/unrealized losses at the trust level, which can translate into periodic spot selling during redemptions.
Market effects
Highlights that XRP ETP/ETF wrappers can mechanically sell during redemptions, reinforcing flow-driven volatility in XRP.
Primarily US-driven via SEC filing and US-listed trust mechanics, but crypto price impact is global.
Could affect broader sentiment around XRP-linked investment products and redemption dynamics across markets.
Counterpoint
The trust’s sales are driven by investor redemptions, not necessarily a fundamental view on XRP; broader market liquidity and exchange flows may dominate price action.
Key entities
- crypto ETP/ETF wrapperGrayscale XRP Trust ETF
Trust that held 122.23M XRP at end-2025 and fell to 55.04M XRP by June 30, 2026 after selling $180.78M worth.
- cryptocurrencyXRP
Underlying asset whose holdings and sale activity are disclosed via the trust’s SEC filing.
- regulatorSEC
Referenced as the filing venue disclosing the trust’s H1 2026 XRP sales and holdings changes.

