Bitwise XRP ETF
$16.70−1.05 (−5.94%)
History starts Nov 20, 2025.History starts Nov 20, 2025.
- Expense ratio
- 0.34%
- Fund size
- $564M
- 1Y return
- —
- Yield · Last 12 months
- —
- Holdings
- 1
- Volume · 30D
- 1.1M sh
- NAV per share
- $15.64
- 52W range
The ETF.net XRP Grade
Score 75 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 68Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 51Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 75Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 77Category rank
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.
XRP$8,650
Returns run to the Sep 22, 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 | −13.5% |
| 1 month | +15.7% |
| 3 months | +39.9% |
| 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 | −13.5% | |
| 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.
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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.