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XRPC

GradeBNASDAQ Global Select

Canary XRP ETF

Crypto · Canary · Inception 2025-11-11

$15.84−1.03 (−6.11%)

As of Sep 23, 2026, 2:19 PM EDT

History starts Nov 13, 2025.History starts Nov 13, 2025.
Intraday session: down, 56 prints from 16.87 to 15.84. Range 15.81 to 16.76. Use the arrow keys to read each point.$16.00$16.40$16.8010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$371M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0.2M sh
NAV per share
$15.94
52W range
low $10.52high $26.89

The ETF.net XRPC Grade

B

60/ 100

Rank 13 of 26 in Crypto Spot⁠

Confidence High

Six-pillar profile for XRPC. Scores out of 100: Cost 28, Risk 34, Mission 100, Tradability 80, Holdings not scored, Durability 70. Strongest: Mission (100). Weakest: Cost (28). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 60 of 100 sits in the B 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.
    DScore 28
    Category rank20/26 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank4/13 · top 31%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 34
    Category rank18/26 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 80
    Category rank2/26 · top 8%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 70
    Category rank6/26 · top 23%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on XRPC

ETF.net Research

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.

Stated mandate

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

  1. 01The 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
  2. 02Holds actual XRP, custodied by Gemini Trust Company and BitGo Trust Company, rather than reaching for the price through futures or swaps.sec.gov
  3. 03Trades 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

  1. 01At 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%.
  2. 02One 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.
  3. 03Launched in late 2025, so the track record is short and the fund's behavior across a full market cycle is still unwritten.

XRPC Holdings

As of Sep 20, 2026, 10:18 AM
Asset class
Other
Holdings
—
Top-10 weight
100%
Largest holding
XRP100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—XRP100.00%247,156,777$346M12

Showing 1–1 of 1 holdings

XRPC Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

XRPC$8,674
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. XRPC $8,674. SPY $11,430. Use the arrow keys to read each point.$4,870$9,072$13,274Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

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.

Trailing total return for XRPC. Periods over one year show the average yearly return.
PeriodXRPC
Year to date−13.3%
1 month+15.6%
3 months+40.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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 XRPC
YearReturn barXRPC
2026 YTD−13.3%
2025−20.8%

History from Nov 13, 2025

XRPC in the news

XRPC 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 Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Nov 2025. No distributions yet.

XRPC Risk

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.
0.78
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.

XRPC Cost

Expense ratio0.50%
  • The middle half of Crypto Spot funds
  • Median 0.35%

17 of the 26 Crypto Spot funds charge less.

XRPC costs $50.00 a year on $10,000. The median Crypto Spot fund costs $35.00.