Quarterly ResultMay 8, 2026, 04:14 PM
Grayscale XRP Trust ETF Net Assets Fall to $61.5M; Total Return -26.49%
AI Summary
Grayscale XRP Trust ETF reported a significant decline in its financial performance for the three months ended March 31, 2026. Net assets decreased to $61.52 million from $223.36 million, resulting in a total return of -26.49%. The decline was driven by both operational losses and substantial net redemptions of shares. Additionally, the Sponsor's Fee was reduced and partially waived during the period, and management changes for the Sponsor's Board of Managers were noted as subsequent events.
Key Highlights
- Net assets decreased to $61.52 million as of March 31, 2026, from $223.36 million at December 31, 2025.
- Principal Market NAV per Share fell to $26.06 at March 31, 2026, from $35.45 at December 31, 2025.
- Total return for the three months ended March 31, 2026, was -26.49%.
- Net decrease in net assets from operations for Q1 2026 was $(34.90) million.
- Net decrease in net assets from capital share transactions for Q1 2026 was $(126.95) million.
- Shares outstanding decreased to 2,360,100 at March 31, 2026, from 6,300,100 at December 31, 2025.
- Sponsor's Fee was reduced from 2.5% to 0.35% effective November 24, 2025, with a waiver until Feb 25, 2026.
- Fair value of XRP decreased to $1.34 per XRP at March 31, 2026, from $1.83 at December 31, 2025.