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XRP vs XRPZ

Bitwise XRP ETF

XRPANYSE Arca

Franklin XRP ETF

XRPZANYSE Arca

Overlap

Expense ratio

XRPZ −0.15pt a year

XRP0.34%XRPZ0.19%

Avg volume · 30D

XRP 2.5×the volume

XRP1.31MXRPZ523K

XRP vs XRPZ Performance

Dec 31, 2025 – Oct 30, 2026

−32.2%XRP−32.0%XRPZ

Dec 31, 2025 to Oct 30, 2026. XRP −32.2%. XRPZ −32.0%. Use the arrow keys to read each point.−20%−10%0%10%20%Dec 2025Jun 2026Oct 2026
Expense ratio
XRP 0.34%
XRPZ 0.19%, better
Fund size
XRP $516M
XRPZ $386M
Holdings
XRP 1
XRPZ 1
Avg volume (30D)
XRP 1.31M sh, better
XRPZ 523K sh
NAV per share
XRP $14.32
XRPZ $13.49
52W range

ETF.net Grade

XRP: Cost 68, Risk 50, Mission 99, Tradability 76, Holdings not scored, Durability 75. XRPZ: Cost 100, Risk 42, Mission 99, Tradability 82, Holdings not scored, Durability 84.
Pillar letters and Scores for XRP, XRPZ, with each pillar’s weight
PillarXRPXRPZ
Cost30% weightB68A100Higher
Mission25% weightA99A99
Risk15% weightC50HigherC42
Tradability15% weightA76A82Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA75A84Higher

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. XRP and XRPZ 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 ›

XRPZ ranks 1st and XRP 4th 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

Our read on each fund

ETF.net Research

XRPABitwise XRP ETF

XRPZAFranklin XRP ETF

In short

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.

XRPZ No data

Stated mandate

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

XRPZ No data

Why people hold it

  • 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.

XRPZ No data

Worth knowing

  • 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.

XRPZ No data

Full XRP profile⁠

Full XRPZ profile⁠

XRP vs XRPZ 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.

XRP vs XRPZ Cost

Overpaying XRP vs XRPZ

$2,980

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

  • XRP 0.34%

    $6,932

  • XRPZ 0.19%

    $3,952

$10,000
30 years

Cost over time

  • XRP 0.34%
  • XRPZ 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530XRP $6,932XRPZ $3,952

Year by year

YearXRPXRPZOverpaying
10$616$347$269
20$2,386$1,351$1,035
30$6,932$3,952$2,980

Expense ratio

  • 0.34%XRP
  • 0.19%XRPZ, cheaper
  • Middle half of Crypto Spot funds
  • Median 0.35%

XRPZ cheapest of 25 funds

XRP 7th cheapest of 25 funds

XRP vs XRPZ Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
XRP None
XRPZ None

Distribution history

XRPAll XRP payments⁠

No distribution history available.

XRPZAll XRPZ payments⁠

No distribution history available.

XRP vs XRPZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
XRP 0.79XRPZ 1.09

XRP and XRPZ in the news

All news⁠

Popular comparisons

  • XRPAvsHYPGA

    Bitwise XRP ETF · Grayscale Hyperliquid Staking ETF

    Expense ratio
    0.34% · 0.29%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XRPZAvsHYPGA

    Franklin XRP ETF · Grayscale Hyperliquid Staking ETF

    Expense ratio
    0.19% · 0.29%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XRPAvsTHYPA

    Bitwise XRP ETF · 21Shares Hyperliquid ETF

    Expense ratio
    0.34% · 0.30%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XRPZAvsTHYPA

    Franklin XRP ETF · 21Shares Hyperliquid ETF

    Expense ratio
    0.19% · 0.30%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XRPAvsTOXRA

    Bitwise XRP ETF · 21shares XRP ETF

    Expense ratio
    0.34% · 0.30%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XRPZAvsTOXRA

    Franklin XRP ETF · 21shares XRP ETF

    Expense ratio
    0.19% · 0.30%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.