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GXRP vs XRP

Grayscale XRP Trust (XRP)

GXRPBNYSE Arca

Bitwise XRP ETF

XRPANYSE Arca

Overlap

Expense ratio

XRP −0.01pt a year

GXRP0.35%XRP0.34%

Avg volume · 30D

XRP 32.4×the volume

GXRP40.6KXRP1.31M

GXRP vs XRP Performance

Dec 31, 2025 – Nov 2, 2026

−32.3%GXRP−32.3%XRP

Dec 31, 2025 to Nov 2, 2026. GXRP −32.3%. XRP −32.3%. Use the arrow keys to read each point.−20%−10%0%10%20%Dec 2025Jun 2026Nov 2026
Expense ratio
GXRP 0.35%
XRP 0.34%, better
Fund size
GXRP $82M
XRP $519M
Holdings
GXRP 1
XRP 1
Avg volume (30D)
GXRP 40.6K sh
XRP 1.31M sh, better
NAV per share
GXRP $24.17
XRP $13.87
52W range

ETF.net Grade

GXRP: Cost 48, Risk 42, Mission 99, Tradability 79, Holdings not scored, Durability 79. XRP: Cost 68, Risk 50, Mission 99, Tradability 76, Holdings not scored, Durability 75.
Pillar letters and Scores for GXRP, XRP, with each pillar’s weight
PillarGXRPXRP
Cost30% weightC48B68Higher
Mission25% weightA99A99
Risk15% weightC42C50Higher
Tradability15% weightA79HigherA76
Holdings10% weightNot scoredNot scored
Durability5% weightA79HigherA75

Rank among Crypto Spot funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. GXRP and XRP are both graded against the same 25 Crypto Spot funds, so their Grades compare head to head.

Crypto Spot⁠

Category · 25 funds
See all 25 ›

XRP ranks 4th and GXRP 7th of 25 funds in the Crypto Spot Category.

  1. Rank 1AXRPZFranklin XRP ETFScore 86
  2. Rank 2AHYPGGrayscale Hyperliquid Staking ETFScore 81
  3. Rank 3ATHYP21Shares Hyperliquid ETFScore 77
  4. Rank 4AXRPBitwise XRP ETFScore 75
  5. Rank 5ATOXR21shares XRP ETFScore 73
  6. Rank 6BCLNKBitwise Chainlink ETF Beneficial InterestScore 69
  7. Rank 7BGXRPGrayscale XRP Trust (XRP)Score 68
  8. Rank 8BBHYPBitwise Hyperliquid ETFScore 67

Our read on each fund

ETF.net Research

GXRPBGrayscale XRP Trust (XRP)

XRPABitwise XRP ETF

In short

GXRP No data

XRP Bitwise 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

GXRP No data

XRP The Fund holds spot XRP to give investors indirect exposure to XRP through exchange-traded shares.

Why people hold it

GXRP No data

  • XRP 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

GXRP No data

  • XRP 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.

Full GXRP profile⁠

Full XRP profile⁠

GXRP vs XRP Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GXRP vs XRP Cost

Overpaying GXRP vs XRP

$194

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

  • GXRP 0.35%

    $7,126

  • XRP 0.34%

    $6,932

$10,000
30 years

Cost over time

  • GXRP 0.35%
  • XRP 0.34%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530GXRP $7,126XRP $6,932

Year by year

YearGXRPXRPOverpaying
10$634$616$18
20$2,454$2,386$68
30$7,126$6,932$194

Expense ratio

  • 0.35%GXRP
  • 0.34%XRP, cheaper
  • Middle half of Crypto Spot funds
  • Median 0.35%

XRP 7th cheapest of 25 funds

GXRP 11th cheapest of 25 funds

GXRP vs XRP Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
GXRP None
XRP None

Distribution history

GXRPAll GXRP payments⁠

No distribution history available.

XRPAll XRP payments⁠

No distribution history available.

GXRP vs XRP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
GXRP 1.11XRP 0.79

GXRP and XRP in the news

All news⁠

Popular comparisons

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    Expense ratio
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  • XRPAvsHYPGA

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    Expense ratio
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    Category
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  • GXRPBvsTHYPA

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    Expense ratio
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    Category
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  • XRPAvsTHYPA

    Bitwise XRP ETF · 21Shares Hyperliquid ETF

    Expense ratio
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    Category
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