{"id":554126,"date":"2026-08-12T20:20:37","date_gmt":"2026-08-12T19:20:37","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=554126"},"modified":"2026-08-12T19:42:04","modified_gmt":"2026-08-12T18:42:04","slug":"21shares-xrp-etf-loses-54-of-assets-as-redemptions-lock-in-13-4-million-loss","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/21shares-xrp-etf-loses-54-of-assets-as-redemptions-lock-in-13-4-million-loss\/","title":{"rendered":"21Shares XRP ETF loses 54% of assets as redemptions lock in $13.4 million loss"},"content":{"rendered":"

The 21Shares XRP<\/a> ETF lost more than half its assets during the first six months of 2026 as falling XRP prices collided with heavy redemptions that crystallized $13.36 million in losses.<\/p>\n

TOXR ended June with $112.9 million in net assets, down 54.4% from $247.7 million at the end of December, its Aug. 11 quarterly filing showed<\/a>. XRP fell 42.9% to $1.0431 over the same period, while the fund\u2019s outstanding shares dropped 20% to 11.11 million from 13.89 million.<\/p>\n

The difference shows how investor withdrawals amplified the damage from XRP\u2019s price decline<\/a>.<\/p>\n\n

\n \n
\n Related Reading<\/span>\n

XRP loses $1 for the first time since Trump\u2019s 2024 election as bearish bets surge and 200,000 XRP stolen<\/h3>\n <\/div>\n \n <\/i>\n <\/span>\n <\/a>\n<\/div>\n\n

TOXR recorded $75 million of redemption distributions during the half against $25.5 million contributed through creations, leaving the fund with $49.5 million in negative net capital transactions. It issued 1.47 million shares while 4.25 million were redeemed.<\/p>\n

Those redemptions also forced part of the fund\u2019s XRP holdings to be realized at a loss. TOXR recognized $13.36 million of losses on XRP disposed of for redemptions, while another $71.52 million of depreciation remained unrealized on tokens it continued to hold.<\/p>\n

\"21Shares<\/p>\n\n

\n \n
\n Related Reading<\/span>\n

XRP tests $1.31 as ETF demand clashes with spot selling<\/h3>\n <\/div>\n \n <\/i>\n <\/span>\n <\/a>\n<\/div>\n\n

Q2 recovery failed to produce sustained demand<\/h2>\n

The fund's redemption pressure eased sharply during the second quarter, but subsequent flows suggest the improvement did not develop into a broader recovery.<\/p>\n

Per the filing, the first quarter accounted for 4.03 million of the 4.25 million shares redeemed during the half and $11.68 million of the $13.36 million realized redemption loss.<\/p>\n

Between April and June, TOXR instead created 480,000 shares and redeemed 220,000, producing net issuance of 260,000 shares. Even with that increase, the fund\u2019s NAV fell 20.56% during the quarter as XRP declined 22.37%.<\/p>\n

However, that stabilization has remained fragile despite XRP-linked funds performing strongly<\/a> in the current market conditions.<\/p>\n

CryptoSlate<\/em> previously reported that XRP<\/a> funds are currently on a four-month inflow streak that has drawn around $300 million.<\/a><\/p>\n\n

\n \n
\n Related Reading<\/span>\n

Institutions dumped Bitcoin and Ethereum ETFs but still bought XRP and HYPE again<\/h3>\n <\/div>\n \n <\/i>\n <\/span>\n <\/a>\n<\/div>\n\n

During this period, TOXR has performed weakly, registering less than five days of inflow worth around $6 million, while its cumulative net flow since launch has fallen to roughly -$20 million.\u00a0 Notably, the fund is the only US spot XRP ETF<\/a> with negative cumulative flows.<\/p>\n

\"21Shares
21Shares XRP ETF Fund Flows Since Q2 2026 (Source: SoSoValue)<\/figcaption><\/figure>\n

At the same time, its share count stood at 11.12 million on Aug. 11, only 10,000 above its June level.<\/p>\n

Meanwhile, 21Shares reported $109.58 million in assets, below the $112.9 million recorded at quarter-end, leaving the fund smaller even after the second quarter\u2019s brief improvement in creations.<\/p>\n","protected":false},"excerpt":{"rendered":"

XRP depreciation drove most of TOXR\u2019s first-half damage, while negative net capital transactions reduced its share base before second-quarter net issuance turned positive.<\/p>\n","protected":false},"author":720,"featured_media":554217,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78665,79849,6849],"tags":[76718,72399],"post_folder":[],"acf":[],"yoast_head":"\n21Shares XRP ETF loses 54% of assets as redemptions lock in $13.4 million loss<\/title>\n<meta name=\"description\" content=\"Investor withdrawals magnified XRP\u2019s 43% first-half decline, leaving 21Shares' TOXR with about $109.6 million in assets by Aug. 11.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/21shares-xrp-etf-loses-54-of-assets-as-redemptions-lock-in-13-4-million-loss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"21Shares XRP ETF loses 54% of assets as redemptions lock in $13.4 million loss\" \/>\n<meta property=\"og:description\" content=\"Investor withdrawals magnified XRP\u2019s 43% first-half decline, leaving 21Shares' TOXR with about $109.6 million in assets by Aug. 11.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/21shares-xrp-etf-loses-54-of-assets-as-redemptions-lock-in-13-4-million-loss\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-12T19:20:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-12T18:42:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/xrp-etf-piggybank-losses.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/21shares-xrp-etf-loses-54-of-assets-as-redemptions-lock-in-13-4-million-loss\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/21shares-xrp-etf-loses-54-of-assets-as-redemptions-lock-in-13-4-million-loss\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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