Grayscale XRP Fund Q2 Inflows Wiped Out By $16.8M Market Loss

Woofun AI reports that the Grayscale XRP Trust ETF (GXRP) filed its Form 10-Q on Aug. 4, revealing a Q2 dynamic where share inflows were entirely negated by severe market losses.

The fund issued 510,000 shares while redeeming 30,000, resulting in a net addition of 480,000 shares. This volume represented 12.2% of the 3.94 million-share contraction seen in the first-quarter. Financially, issuances generated $13.442 million, offset by $699,000 in redemption costs, yielding $12.743 million in net capital added.

Per Woofun AI, the $16.846 million operating loss drove net assets down from $61.516 million at the end of March to $57.413 million. The deficit stemmed primarily from a $16.789 million investment loss, comprising a $16.327 million drop in unrealized appreciation, $433,000 in realized losses from redemptions, $29,000 in expense-related sales, and a separate $57,000 net investment loss.

Across the first half, net assets declined by $165.951 million, with capital-share transactions accounting for $114.203 million and operations for $51.748 million. GXRP reported 2,840,100 shares outstanding on both June 30 and July 30, indicating July flows neutralized each other.