21Shares’ XRP ETF TOXR lost more than half its assets in the first half of 2026, falling from $247.7 million to $112.9 million. This decline was driven by a 42.9% drop in XRP’s price combined with heavy redemptions totaling $75 million against only $25.5 million in contributions. These flows locked in $13.36 million in realized losses and generated $49.5 million in negative net capital transactions. The fund remains the only US spot XRP ETF with negative cumulative flows since launch.
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