Investors Hit the Brakes on Grayscale’s XRP Trust as Quarter of Assets Exit in a Day
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The Grayscale XRP Trust ETF, GXRP, saw a sharp reversal in sentiment on January 21, 2026, as investors pulled $55.4 million from the fund. The outflow, one of the largest single-day moves for the trust, affected roughly 25.8% of its assets under management, which now stand at $215.0 million. The scale of the redemption underscores how sensitive XRP-linked products remain to swings in market confidence and regulatory headlines.
The related asset, XRP-USD, is currently trading at $1.9284. Despite the elevated price level compared with much of the past year, XRP has dropped 26.8% over the last three months, reflecting a persistent corrective phase after earlier gains. The short-term picture looks shaky as well, with the 1-day technical stance flashing a cautious Sell signal.
The combination of a steep three-month price decline in XRP and a bearish near-term technical profile appears to be driving a de-risking among GXRP holders, many of whom had piled into XRP exposure during periods of heightened optimism around altcoins and regulatory clarity. The outsized daily outflow suggests some investors are locking in profits or cutting losses amid renewed volatility, while others may be reallocating toward broader crypto baskets or more diversified digital-asset strategies.
Whether this marks the start of a longer redemption trend or a one-off bout of profit-taking will likely hinge on XRP’s ability to stabilize technically and reclaim momentum. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.