21Shares XRP ETF loses 54% of assets, $13.36 million in losses

21Shares XRP ETF, TOXR, lost over 54% of its assets in the first half of 2026, resulting in $13.36 million in losses due to falling XRP prices and heavy redemptions. As of June, TOXR's net assets were $112.9 million, down from $247.7 million at the end of December. XRP's price dropped 42.9% to $1.0431, while outstanding shares decreased by 20% to 11.11 million. The fund experienced $75 million in redemptions against $25.5 million in creations, leading to $49.5 million in negative net capital transactions. TOXR issued 1.47 million shares while redeeming 4.25 million. Redemptions forced the fund to realize $13.36 million in losses on XRP sold, with an additional $71.52 million in unrealized depreciation on remaining tokens. Although redemption pressure eased in Q2, the fund's net asset value fell 20.56% as XRP declined 22.37%. Despite a four-month inflow streak for XRP funds totaling around $300 million, TOXR recorded less than $6 million in inflows, with cumulative net flows at approximately -$20 million. As of August 11, the fund's share count was 11.12 million, only slightly above June levels, and assets were reported at $109.58 million.

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