Grayscale’s XRP Trust Sees a Quarter of Its Capital Walk Out the Door in a Single Day
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The Grayscale XRP Trust ETF, GXRP, suffered a sharp reversal in sentiment on January 21, 2026, as investors pulled an estimated $55.4 million from the fund. The outflow amounts to roughly 25.9% of the trust’s assets under management, which now stand at about $213.8 million — a sizable vote of no confidence in the near term.
The scale of the redemption is notable even in the volatile world of crypto-linked products, effectively erasing more than a quarter of the ETF’s capital base in a single session. Such a concentrated exit suggests a combination of profit-taking by early entrants and anxiety over the underlying token’s recent performance, as traders reassess risk after a choppy three months for XRP.
The related asset, XRP-USD, is currently trading near $1.96, down about 19.6% over the past three months. That pullback contrasts with the powerful rallies seen earlier in the cycle and appears to be feeding into the ETF’s redemptions, as investors question whether momentum in XRP has definitively stalled. The short-term picture is also under pressure: the 1-day technical signal flashes Sell, reinforcing a cautious stance among traders who track chart-based indicators.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.