Investors Stage Major Retreat from Grayscale’s XRP Fund 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 approximately $55.4 million from the product in a single session. The outflow represents about 25.76% of the fund’s latest reported assets under management, which now stand at roughly $215.0 million. Such a large one-day redemption suggests mounting caution around XRP-linked exposure after a volatile stretch for the underlying token.
The related asset, XRP-USD, is currently trading near $1.88, having shed about 27.45% over the past three months. The short-term technical backdrop is also weak, with a 1-day signal flashing Sell. That combination of negative momentum and bearish technicals likely contributed to Monday’s outsized ETF redemptions, as traders reassessed risk after a rapid run-up earlier in the cycle.
While GXRP remains sizable by AUM, losing more than a quarter of its capital base in a single move underscores how quickly sentiment can swing in the crypto-ETP space. If XRP’s price continues to languish and technical indicators stay under pressure, additional outflows could follow as short-term holders seek liquidity. Longer-term allocators, however, may view the drawdown and reduced fund size as an opportunity to re-enter at more attractive valuations, especially if regulatory or macro catalysts turn more favorable for the broader crypto market.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.