Investors Drain a Quarter of Grayscale’s XRP Trust in a Single Day as Sentiment Sours
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Grayscale’s Grayscale XRP Trust ETF, ticker GXRP, saw a sharp reversal in sentiment on January 21, 2026, as investors pulled approximately $55.4 million from the product. The outflow represents about 25.7% of the fund’s latest reported assets under management, which now stand at roughly $215.9 million, marking one of the more aggressive single-day redemptions in the XRP-linked ETF space.
The scale of the withdrawal underscores mounting caution around XRP exposure after a volatile start to the year. With more than a quarter of GXRP’s capital walking out the door in one session, the move suggests that both short-term traders and longer-horizon holders are reassessing risk amid mixed signals from the broader digital asset market and ongoing regulatory uncertainty around certain crypto tokens.
The related asset, XRP-USD, is currently trading at $1.9144. Despite its elevated price level relative to much of 2025, XRP has dropped about 24.44% over the past three months, reflecting sustained profit-taking and deteriorating momentum. Technically, near-term indicators are leaning bearish, with the 1-day signal flashing Sell, a stance that appears to align with the sizeable outflows from GXRP.
Such a combination of heavy ETF redemptions and negative short-term technicals may amplify volatility in the days ahead, as GXRP’s asset base adjusts and liquidity conditions in XRP-sensitive products react. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.