XRP ETF TOXR Plunges 54% Amid $13.4M Realized Losses

Woofun AI reports that 21Shares' XRP ETF, TOXR, has suffered a 54% asset loss, driven by massive redemptions that forced the fund to realize significant losses on its holdings.

The deeper driver is the severe capital outflow recorded in the first half, where $75 million in redemption distributions overwhelmed $25.5 million in creations, resulting in $49.5 million in negative net capital transactions. While 1.47 million shares were issued, 4.25 million were redeemed, compelling the fund to sell underlying assets at a discount.

Woofun AI data shows realized losses on these disposed XRP holdings reached $13.36 million, while an additional $71.52 million in unrealized depreciation remained on tokens still held by the fund.

Structurally, the redemption pressure was concentrated early; the first quarter accounted for 4.03 million of the 4.25 million shares redeemed and $11.68 million of the total realized loss. A shift occurred between April and June, when 480,000 shares were created against 220,000 redeemed, yielding a net issuance of 260,000 shares. Nevertheless, this inflow failed to offset market declines, as NAV fell 20.56% during the quarter while XRP declined 22.37%.

Current asset status reflects persistent stagnation, with the share count sitting at 11.12 million on Aug. 11, merely 10,000 above the June level. Total assets stand at $109.58 million, down from $112.9 million at quarter-end, indicating that the brief second-quarter improvement did not translate into sustained growth.