The partial rebound recovered only 12.2% of the fund’s Q1 contraction, while operating losses outweighed $12.74 million in net new capital and kept assets from rising.
Grayscale’s XRP fund added 480,000 shares in the second quarter, but the increase reversed only 12.2% of its first-quarter contraction. The fund still did not grow assets because a $16.85 million operating loss exceeded $12.74 million in net new capital, leaving the attempted recovery short of offsetting earlier weakness.