Quarterly ResultMay 8, 2026, 01:32 PM
Bitwise XRP ETF NAV per Share Drops 26.54% to $15.03 in Q1
AI Summary
Bitwise XRP ETF reported a significant decline in its Principal Market NAV per Share, dropping 26.54% to $15.03 for the three months ended March 31, 2026. The Trust experienced a net loss from operations of $(91.70) million, primarily due to a net change in unrealized depreciation on its XRP investment of $(83.99) million. Despite this, total net assets increased by $20.49 million to $261.86 million, driven by capital share creations, and total XRP holdings grew to 194.90 million.
Key Highlights
- Principal Market NAV per Share declined 26.54% to $15.03 for Q1 2026.
- Net assets increased by $20.49 million to $261.86 million.
- Net loss from operations totaled $(91.70) million.
- Total XRP holdings grew to 194.90 million.
- Net change in unrealized depreciation on XRP was $(83.99) million.
- Shares outstanding increased by 5.62 million to 17.42 million.
- The annual Sponsor Fee was 0.34% of the Trust's XRP holdings.