Grayscale XRP Trust Sells $180M in Tokens Amid Heavy Outflows

Grayscale recently disclosed that its XRP trust sold more than 180 million dollars worth of tokens during the first half of 2026. According to a new regulatory filing, the fund cashed out over 103 million tokens to handle a wave of investor redemptions. This massive exit caused total holdings to drop sharply from 122 million XRP at the end of 2025 down to just 55 million by June 30.

The heavy redemptions combined with falling market prices took a serious toll on the fund value. Net assets for the trust plunged from 223 million dollars in December to roughly 57 million dollars at the end of June. Grayscale recorded a realized loss of over 34 million dollars on the XRP sold for redemptions, alongside nearly 17 million dollars in unrealized losses on the remaining balance.

While the fund did bring in some new inflows, they were nowhere near enough to counter the heavy exits. Outstanding shares dropped by more than half as the trust bought back millions of shares. Traders will want to watch whether token prices can stabilize and bring fresh confidence back to institutional crypto products in the coming months.