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HYPG vs XRPC

Grayscale Hyperliquid Staking ETF

HYPGANasdaq

Canary XRP ETF

XRPCBNasdaq

Overlap

0.0%by weight

Expense ratio

HYPG −0.21pt a year

HYPG0.29%XRPC0.50%

Avg volume · 30D

XRPC 2.3×the volume

HYPG100KXRPC234K

HYPG vs XRPC Performance

Aug 5, 2026 – Nov 5, 2026

+36.8%HYPG+14.9%XRPC

Aug 5, 2026 to Nov 5, 2026. HYPG +36.8%. XRPC +14.9%. Use the arrow keys to read each point.0%60%Aug 2026Sep 2026Nov 2026
Expense ratio
HYPG 0.29%, better
XRPC 0.50%
Fund size
HYPG $180M
XRPC $317M
Holdings
HYPG 1
XRPC 2
Avg volume (30D)
HYPG 100K sh
XRPC 234K sh, better
NAV per share
HYPG $27.64
XRPC $13.80
52W range

ETF.net Grade

HYPG: Cost 96, Risk 66, Mission not scored, Tradability 70, Holdings not scored, Durability 61. XRPC: Cost 29, Risk 35, Mission 99, Tradability 64, Holdings not scored, Durability 71.
Pillar letters and Scores for HYPG, XRPC, with each pillar’s weight
PillarHYPGXRPC
Cost30% weightA96HigherD29
Mission25% weightNot scoredA99
Risk15% weightB66HigherD35
Tradability15% weightA70HigherB64
Holdings10% weightNot scoredNot scored
Durability5% weightB61A71Higher

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. HYPG and XRPC 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 ›

HYPG ranks 2nd and XRPC 14th of 25 funds in the Crypto Spot Category.

  1. Rank 1AXRPZFranklin XRP ETFScore 86
  2. Rank 2AHYPGGrayscale Hyperliquid Staking ETFScore 80
  3. Rank 3ATHYP21Shares Hyperliquid ETFScore 75
  4. Rank 13BTDOT21shares Polkadot ETF Shares of Beneficial InterestScore 58
  5. Rank 14BXRPCCanary XRP ETFScore 57
  6. Rank 15BGAVAGrayscale Avalanche Staking ETFScore 56

Our read on each fund

ETF.net Research

HYPGAGrayscale Hyperliquid Staking ETF

XRPCBCanary XRP ETF

In short

HYPG No data

XRPC The 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

HYPG No data

XRPC 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

HYPG No data

  • XRPC 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

HYPG No data

  • XRPC 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.

Full HYPG profile⁠

Full XRPC profile⁠

HYPG vs XRPC Holdings

How HYPG and XRPC differ

Overlap by weight

0.0%

Level by level

  • Holdings0 in both0.0%
  • Asset classAlternatives100%

Sector

No Sector split for HYPG and XRPC.

Country, concentration and asset class

Country by domicile

No country split for HYPG and XRPC.

Concentration

Weight in the 10 largest Holdings

  • HYPG100.0%
  • XRPC100.0%

Securities held

  • HYPG1
  • XRPC1

Asset class

HYPG
Alternatives
XRPC
Alternatives

Holdings

  • Only in HYPG1
  • In both0
  • Only in XRPC1

Only in HYPG

1 security, 100% of HYPG by weight

  • Hyperliquid100.00%

Only in XRPC

1 security, 99.99% of XRPC by weight

  • Xrp100.00%

Weight gaps

HYPG and XRPC share no securities.

All HYPG holdings⁠All XRPC 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.

HYPG vs XRPC Cost

Overpaying XRPC vs HYPG

$4,027

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

  • HYPG 0.29%

    $5,952

  • XRPC 0.50%

    $9,979

$10,000
30 years

Cost over time

  • HYPG 0.29%
  • XRPC 0.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530XRPC $9,979HYPG $5,952

Year by year

YearHYPGXRPCOverpaying
10$527$900$373
20$2,044$3,460$1,416
30$5,952$9,979$4,027

Expense ratio

  • 0.29%HYPG, cheaper
  • 0.50%XRPC
  • Middle half of Crypto Spot funds
  • Median 0.35%

HYPG 2nd cheapest of 25 funds

XRPC 17th cheapest of 25 funds

HYPG vs XRPC Dividends

Last 12 months to Nov 5, 2026
Payout (12M)
HYPG No data
XRPC None
Last payment
HYPG $0.04
XRPC No data
Ex-dividend
HYPG Nov 3, 2026
XRPC No data
Paid on
HYPG Nov 4, 2026
XRPC No data
Frequency
HYPG Monthly
XRPC No data

Distribution history

Per share, 2026, same scale for both

HYPGMonthly · 4 paymentsAll HYPG payments⁠
One bar per payment. 4 payments in 2026 YTD. Aug 4, 2026 $0.03; Sep 3, 2026 $0.03; Oct 5, 2026 $0.04; Nov 3, 2026 $0.04. Use the arrow keys to read each point.$0$0.032026YTD
XRPCAll XRPC payments⁠

No distribution history available.

HYPG vs XRPC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
HYPG 3.80XRPC 0.78

HYPG and XRPC in the news

All news⁠

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