Bitwise XRP ETF
$15.32+0.11 (+0.72%)
- 0.34%
- $572M
- 1.3M sh
- $15.46
- low $11.08high $26.88
The ETF.net XRP Grade
A
Score 75 out of 100
- 3 of 26
Score 75 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B68 out of 100Rank 7 of 26Mission
Whether the fund did what it promised, tested against its stated mandate.A99 out of 100Rank 1 of 15Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C45 out of 100Rank 14 of 26Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A78 out of 100Rank 1 of 26Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A77 out of 100Rank 4 of 26
Our read on XRP
ABitwise won the naming fight: its spot fund trades under the coin's own ticker. Underneath it is plain plumbing, XRP in cold storage at Coinbase, priced off a CME CF reference rate, one all-in 0.34% fee.
The Fund holds spot XRP to give investors indirect exposure to XRP through exchange-traded shares.
Why people hold it
- One unitary 0.34% sponsor fee, with the sponsor covering most routine operating expenses. That undercuts Canary's XRPC (0.50%) for the same spot XRP exposure.sec.gov
- Boring by design: spot XRP only, no derivatives or leverage, held in segregated cold storage at Coinbase Custody with BNY Mellon handling administration and transfer agency.sec.gov
- NAV is struck against the CME CF XRP-Dollar Reference Rate (New York Variant), which aggregates executed trade flow from major XRP platforms instead of leaning on one venue's print.sec.gov
- Actively traded since day one, and it sits in the upper tier of US spot crypto funds on trading quality.
Worth knowing
- One coin, one risk. Shares follow XRP and nothing else, and single-asset crypto moves are large in both directions.
- Not the cheapest ticket on the shelf: 21Shares' TOXR carries the same spot XRP exposure at 0.30%.
- Launched in November 2025, so the trading and tracking record is short, and the fund makes no distributions.
XRP Holdings
- Other
- 1
- 100%
- Xrp
XRP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
XRP$7,412
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | XRP |
|---|---|
| Year to date | −25.9% |
| 1 month | −0.1% |
| 3 months | +23.3% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | XRP |
|---|---|---|
| 2026 YTD | −25.9% | |
| 2025 | −8.6% |
XRP in the news
XRP Dividends
Listed Nov 2025. No distributions yet.
XRP Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.79
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XRP Cost
0.34%
XRP0.34%
- The middle half of Crypto Spot funds
- Median 0.35%
6 of the 26 Crypto Spot funds charge less.
Other funds in Crypto Spot
- AXRPZFranklin XRP Trust - Franklin XRP ETFExpense ratio 0.19%1 year return —
- AHYPGGrayscale Hyperliquid Staking ETFExpense ratio 0.29%1 year return —
- ATHYP21Shares Hyperliquid ETFExpense ratio 0.30%1 year return —
- ATOXR21shares XRP ETFExpense ratio 0.30%1 year return —
- BCLNKBitwise Chainlink ETF Beneficial InterestExpense ratio 0.34%1 year return —