XRP Trust Shares and Holdings Plunge in First-Half Filing

Grayscale’s XRP Trust ETF sold 103.41 million XRP worth $180.78M during the first half of 2026, reducing its holdings from 122.23 million tokens at the end of 2025 to 55.04 million by June 30, according to a Ripple SEC filing, marking a worrying drop in institutional adoption for the digital asset.This news dropped as XRP USD trades for $1.02, dangerously close to losing its key support at $1 following a -0.2% drop overnight.

Daily trading volume is sitting at $732M, up from $670M yesterday.CoinGlass data shows that XRP ETF net inflows total $1.42Bn since they went live in November 2024, a healthy number that puts into perspective the size of Grayscale’s ETF selloff.

The Mechanics Behind the ContractionThe value of the trust’s XRP holdings fell from $223.36M at the end of 2025 to $57.41M on June 30, according to the SEC filing.

Grayscale recorded a $34.16M realized loss on XRP sold for share redemptions, along with a $17.47 million unrealized loss on its remaining XRP position.The trust created an additional 36.27M XRP valued at $66.58M during the six-month period, but those additions did not offset the redemptions.