The Canary Capital XRP ETF (XRPC) reported a net asset value of $241.2 million at June 30, 2026, down $81.65 million from $322.8 million at the end of 2025. The fund's unaudited Form 10‑Q filed on August 7 showed that capital‑share transactions added $82.36 million in net assets, while unrealized depreciation of XRP reduced assets by $164.00 million. The six‑month net asset decline of $81.65 million resulted from a $88.26 million increase in shares sold and a $5.90 million increase in shares redeemed, offsetting the $159.70 million loss from XRP price depreciation. The trust held 231.3 million XRP tokens at June 30, up 55.7 million (31.7%) from 175.6 million at the end of 2025, while the dollar value of the holdings fell due to price declines. Redemptions accounted for $3.26 million in realized losses as the fund sold 3.93 million XRP to meet share redemption requests. The net capital‑share activity remained positive, but the accounting decrease from operations was nearly twice the amount added through capital transactions. These figures illustrate that ETF inflows can be outpaced by market‑driven depreciation in cryptocurrency‑linked funds.