21Shares XRP ETF (TOXR) Form 424B3 — May 14, 2026
The 21Shares XRP ETF (TOXR) reported a 42.6% decline in net assets to $142.1 million for Q1 2026, driven by a 26.5% drop in XRP’s price from $1.83 to $1.34 and significant net redemptions of 3.04 million shares. Investor outflows were substantial, with $72.1 million in redemptions against only $18.9 million in new creations, reflecting weak demand amid the crypto downturn. The fund’s NAV per share fell from $17.83 to $13.10, resulting in a total return of -26.53% for the quarter. Despite the asset contraction, the sponsor fee was reduced to 0.30% annually (down from 2.50%), limiting expense drag.
Key figures
- Total Assets
- 142155110
- Cash Position
- 0
- Shares Outstanding
- 10850000
- Xrp Price
- 1.34
- Nav Per Share
- 13.1
- Shares Created
- 990000
- Xrp Price Prior
- 1.83
- Shares Redeemed
- 4030000
- Sponsor Fee Rate
- 0.30%
- Nav Per Share Prior
- 17.83
AI analysis
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