According to the 10-Q filing submitted by the Grayscale XRP Trust ETF to the US Securities and Exchange Commission, the fund sold over $180 million in XRP in the first half of the year, with holdings decreasing from 122.23 million at the end of 2025 to 55.04 million as of June 30th. Affected by share redemption, the Grayscale XRP Trust ETF has achieved a loss of $34.16 million through the sale of XRP, with an unrealized loss of $17.47 million, totaling a loss of $51.63 million. During the same period, XRP prices fell by over 40%.