Skip to content
etf.net

Launched · SEC filings

Bitwise XRP ETF

XRPNYSE ArcaBitwiseA

$13.89−0.02 (−0.14%)

At close: Nov 2, 2026, 4:00 PM ET

A75/ 100

Rank 4 of 26 in Crypto Spot

A75/100Rank 4 of 26inCrypto Spot
Intraday session: down, 79 prints from 13.91 to 13.89. Range 13.78 to 14.01. Use the arrow keys to read each point.13.8013.8513.9514.0010 AM12 PM2 PM4 PM
Expense ratio
0.34%
Fund size
$516M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
1.31M sh
52W range
low $11.08high $26.88
Launched
Filings
SEC EDGAR

The ETF.net XRP Grade

Based on 5 of 6 pillars

A

Score 75 out of 100

Category
Crypto Spot⁠
Rank
4 of 26
Six-pillar profile for XRP. Scores out of 100: Cost 68, Risk 50, Mission 99, Tradability 76, Holdings not scored, Durability 75. Strongest: Mission (99). Weakest: Risk (50). Based on 5 of 6 pillars.

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 100
    Rank 7 of 26

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A99 out of 100
    Rank 1 of 15

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C50 out of 100
    Rank 12 of 26

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A76 out of 100
    Rank 4 of 26

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A75 out of 100
    Rank 4 of 26

Our read on XRP

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Nov 19, 2025

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$6,779
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,169
Dec 31, 2025 to Oct 30, 2026. XRP $6,779. SPY $11,169. Use the arrow keys to read each point.$5,000$7,500$10,000$12,500Dec 2025Jun 2026Oct 2026

Dec 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for XRP. Periods over one year show the average yearly return.
PeriodXRP
Year to date−32.2%
1 month−16.4%
3 months+17.3%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for XRP
YearReturn barXRP
2026 YTD−32.2%
2025−8.6%

History from Nov 20, 2025

XRP in the news

XRP Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Nov 2025. No distributions yet.

XRP Risk

Risk pillarC50 out of 100Rank 12 of 26 in Crypto Spot
How much the fund’s monthly returns vary, scaled to a year.
Launched Nov 2025; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
Launched Nov 2025; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
Launched Nov 2025; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
0.79
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

XRP Cost

Compare XRP and XRPZ

Overpaying vs XRPZ, cheapest in Crypto Spot

$2,980

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • XRP 0.34%

    $6,932

  • XRPZ 0.19% Cheapest

    $3,952

$10,000
30 years

Cost over time

  • XRP 0.34%
  • XRPZ 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530XRP $6,932XRPZ $3,952

Year by year

YearXRPXRPZOverpaying
10$616$347$269
20$2,386$1,351$1,035
30$6,932$3,952$2,980

Other funds in Crypto Spot

See others