Quarterly ResultMay 13, 2026, 04:13 PM
21Shares XRP ETF Q1 Net Assets Down 42.6% to $142.1M; NAV Per Share $13.10
AI Summary
21Shares XRP ETF reported a significant decline in its net assets and net asset value per share for the first quarter ended March 31, 2026. Net assets decreased by 42.6% to $142.1 million, with the NAV per share falling to $13.10. The Trust experienced a total return of -26.53% for the quarter, primarily due to a net change in unrealized depreciation on its XRP investment. The Sponsor Fee was substantially reduced to 0.30% from 2.50% effective December 11, 2025, leading to lower expenses for the quarter.
Key Highlights
- Net assets decreased 42.6% to $142.1 million as of March 31, 2026, from $247.7 million on December 31, 2025.
- Net asset value per share fell to $13.10 on March 31, 2026, from $17.83 on December 31, 2025.
- Total return for the three months ended March 31, 2026, was -26.53%.
- Net change in unrealized depreciation on investment in XRP was $(40,434,409) for Q1 2026.
- The Trust redeemed 4,030,000 shares during Q1 2026, with contributions for 990,000 shares issued.
- Sponsor Fee decreased to $142,862 for Q1 2026 from $1,558,678 for Q1 2025, following a rate reduction to 0.30% from 2.50%.
- Initial Seed Creation Baskets of 20,000 shares were redeemed on April 17, 2026.