Key Takeaways
Five major US spot XRP ETFs faced a $746.1 million paper loss by June 30, yet first-half net capital inflows still reached $320.8 million, according to CryptoSlate.
According to CryptoSlate, five major US spot XRP ETFs held XRP valued at $746.1 million below their accounting cost by the end of June. Despite this 44.1% deficit, investors continued buying shares throughout the first half of the year. SEC filings show that Bitwise, Canary Capital, Franklin Templeton, 21Shares, and Grayscale recorded about $629.9 million in primary-market creations against $309.1 million in redemptions, leaving net capital activity positive by $320.8 million.
Bloomberg ETF analyst James Seyffart noted that cumulative net inflows across the asset class reached $1.8 billion. Strong demand at Bitwise, Canary, and Franklin drove $484.5 million in net inflows, easily overwhelming outflows at Grayscale and 21Shares. The combined holdings across the five funds totaled roughly 906.8 million XRP at June 30, indicating a cost-basis breakeven near $1.87 per token. With XRP trading around $1.38, the funds remained underwater. While Grayscale and 21Shares experienced net outflows, continuous creations at other issuers demonstrated resilient demand during a steep drawdown.
Source & Fact-Check Note
This report is synthesized from coverage by CryptoSlate. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
Read original article at CryptoSlate ↗
