Crypto News
Grayscale's XRP Trust sold 103.41 million XRP worth $180.78 million during the first half of 2026, according to a Ripple SEC filing, cutting holdings from 122.23 million tokens at the end of 2025 to 55.04 million by June 30. The trust's position lost $165.95 million in value over the period, sliding from $223.36 million to $57.41 million, with $34.16 million in realized losses on tokens sold for share redemptions and another $17.47 million in unrealized losses on the residual stake. XRP trades at $1.02, dangerously close to losing its key $1 support, after a -0.2% drop overnight and a 40%+ decline year-to-date.
Why it matters
This is the largest spot XRP ETF position in the US visibly shrinking on the public record. The 55% reduction in holdings tells a story of redemptions outpacing new creations, with authorized participants selling XRP to meet investor withdrawals while the remaining position also gets marked down by the price decline. Since-launch cumulative XRP ETF inflows total $1.42 billion since November 2024, which puts Grayscale's $180 million contraction in context: it hurts, but the broader category has not bled out.
Market impact
XRP sits near the bottom of its 52-week range of $1.0095 to $3.3818, having declined from $1.84 on January 1 to $1.05 on June 30. Weekly inflows into XRP ETFs collapsed to about $1 million from $14.9 million the prior week, though daily flows rebounded to roughly $3.5 million on August 6. The US Senate has delayed consideration of the CLARITY Act until at least September, removing a near-term regulatory catalyst. Ripple released 1 billion XRP from escrow on August 1 as part of its scheduled monthly unlock, adding another layer of supply overhang as the token fights for its dollar floor.
Frequently asked questions
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How much XRP did Grayscale's trust sell in H1 2026?
Grayscale's XRP Trust sold 103.41 million XRP worth $180.78 million during the first half of 2026, according to a Ripple SEC filing.
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How much did the trust's XRP holdings shrink?
Holdings fell from 122.23 million XRP at the end of 2025 to 55.04 million by June 30, 2026, a 55% reduction, with the value of the position dropping from $223.36M to $57.41M.
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What is the CLARITY Act and why does its delay matter for XRP?
The CLARITY Act is US crypto market-structure legislation. The Senate delayed its consideration until at least September, removing a near-term regulatory catalyst that could have clarified XRP's status.
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What are XRP ETF cumulative inflows since launch?
XRP ETF net inflows total $1.42 billion since the products went live in November 2024, according to CoinGlass data, putting Grayscale's $180M contraction in perspective.
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Why is XRP's proximity to $1 a concern?
XRP trades at $1.02 after declining more than 40% from $1.84 at the start of 2026, sitting near the bottom of its 52-week range of $1.0095 to $3.3818, with weekly ETF inflows collapsing to about $1M from $14.9M.
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