CoinGlass data shows that XRP ETF net inflows total $1.42Bn since they went live in November 2024, a healthy number that puts into perspective the size of Grayscale's ETF selloff. Grayscale recorded a $34.16M realized loss on XRP sold for share redemptions, along with a $17.47 million unrealized loss on its remaining XRP position. The trust bought back 5.33 million shares and sold 1.87 million shares during that period. The filing also attributes the reduction in XRP holdings per share to periodic XRP withdrawals used to meet the sponsor's fee. Regulatory developments, institutional demand, and Ripple's XRP holdings are among the factors that can influence XRP's price.