Canary XRP ETF
$14.54+0.08 (+0.55%)
- 0.50%
- $340M
- 0.2M sh
- $14.68
- low $10.52high $26.89
The ETF.net XRPC Grade
B
Score 59 out of 100
- 13 of 26
Score 59 of 100 falls in the B 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.D28 out of 100Rank 18 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.D37 out of 100Rank 17 of 26Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A76 out of 100Rank 2 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.A70 out of 100Rank 6 of 26
Our read on XRPC
BThe one that got to the XRP party first: Canary's fund listed on Nasdaq in November 2025 holding real XRP with regulated trust-company custodians, not futures. First-mover status comes with a first-mover price tag of 0.50% a year.
The Trust seeks to provide investors with exposure to the value of XRP held by the Trust, after deducting operating expenses and other liabilities.
Why people hold it
- The first US spot XRP ETF to list, debuting on Nasdaq in November 2025. Its opening session drew the heaviest first-day volume of any 2025 ETF launch.nasdaq.com
- Holds actual XRP, custodied by Gemini Trust Company and BitGo Trust Company, rather than reaching for the price through futures or swaps.sec.gov
- Trades in the upper half of the spot-crypto ETF group on volume and spreads, so getting in and out has been less of a chore than in thinner single-token funds.
Worth knowing
- At 0.50% a year, it costs more than same-asset rivals that arrived behind it: Bitwise's XRP charges 0.34% and 21Shares' TOXR charges 0.30%.
- One token, no income. There is nothing to clip while you wait; the fund's value tracks XRP's price less expenses, and XRP moves hard in both directions.
- Launched in late 2025, so the track record is short and the fund's behavior across a full market cycle is still unwritten.
XRPC Holdings
- Other
- 1
- 100%
- Xrp
XRPC 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.
XRPC$7,435
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 | XRPC |
|---|---|
| Year to date | −25.7% |
| 1 month | 0.0% |
| 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 | XRPC |
|---|---|---|
| 2026 YTD | −25.7% | |
| 2025 | −20.8% |
XRPC in the news
XRPC Dividends
Listed Nov 2025. No distributions yet.
XRPC 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.
- 0.78
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XRPC Cost
0.50%
XRPC0.50%
- The middle half of Crypto Spot funds
- Median 0.35%
17 of the 26 Crypto Spot funds charge less.
Other funds in Crypto Spot
- BTDOT21shares Polkadot ETF Shares of Beneficial InterestExpense ratio 0.30%1 year return —
- BGLNKGrayscale Chainlink Trust LinkExpense ratio 0.35%1 year return −58.9%
- BGAVAGrayscale Avalanche Staking ETFExpense ratio 0.35%1 year return —
- CGSUIGrayscale Sui TrustExpense ratio 0.35%1 year return —
- CXRPRETF Opportunities Trust - REX-Osprey XRP ETFExpense ratio 0.75%1 year return −49.8%