Whale-Sized Outflow Hits Grayscale XRP Trust as Traders Reassess Token Risk
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The Grayscale XRP Trust ETF, GXRP, saw a sharp single-day outflow of $5.86 million on March 10, 2026, as investors pulled capital from the XRP-focused vehicle. The redemption amounts to roughly 8.9% of its latest reported assets under management, which now stand at $65.54 million, marking one of the trust’s more sizable proportional moves in recent months.
The related asset, XRP-USD, is currently trading at $1.4159 after a bruising three-month stretch that has left the token down about 26.1%. Despite the sizeable drawdown, the short-term technical backdrop remains indecisive, with a 1-day signal flashing Hold, suggesting neither clear bullish nor bearish momentum at current levels.
The outflow from GXRP underscores growing caution around altcoin exposure as traders navigate elevated volatility and shifting regulatory narratives in the digital-asset space. While a nearly 9% hit to AUM in a single session is notable, some market participants may see the move as a reset that could pave the way for more measured flows if XRP stabilizes or macro risk sentiment improves.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.