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XRPC vs XRPZ

Canary XRP ETF

XRPCBNasdaq

Franklin XRP ETF

XRPZANYSE Arca

Overlap

99.99%by weight

Expense ratio

XRPZ −0.31pt a year

XRPC0.50%XRPZ0.19%

Avg volume · 30D

XRPZ 2.2×the volume

XRPC234KXRPZ524K

XRPC vs XRPZ Performance

Dec 31, 2025 – Nov 5, 2026

−33.0%XRPC−32.9%XRPZ

Dec 31, 2025 to Nov 5, 2026. XRPC −33.0%. XRPZ −32.9%. Use the arrow keys to read each point.−20%0%20%Dec 2025Jun 2026Nov 2026
Expense ratio
XRPC 0.50%
XRPZ 0.19%, better
Fund size
XRPC $317M
XRPZ $404M
Holdings
XRPC 2
XRPZ 1
Avg volume (30D)
XRPC 234K sh
XRPZ 524K sh, better
NAV per share
XRPC $13.80
XRPZ $14.12
52W range

ETF.net Grade

XRPC: Cost 29, Risk 35, Mission 99, Tradability 64, Holdings not scored, Durability 71. XRPZ: Cost 100, Risk 39, Mission 99, Tradability 85, Holdings not scored, Durability 84.
Pillar letters and Scores for XRPC, XRPZ, with each pillar’s weight
PillarXRPCXRPZ
Cost30% weightD29A100Higher
Mission25% weightA99A99
Risk15% weightD35D39Higher
Tradability15% weightB64A85Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA71A84Higher

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. XRPC 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 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 13BTDOT21shares Polkadot ETF Shares of Beneficial InterestScore 58
  4. Rank 14BXRPCCanary XRP ETFScore 57
  5. Rank 15BGAVAGrayscale Avalanche Staking ETFScore 56

Our read on each fund

ETF.net Research

XRPCBCanary XRP ETF

XRPZAFranklin XRP ETF

In short

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.

XRPZ No data

Stated mandate

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.

XRPZ No data

Why people hold it

  • 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.

XRPZ No data

Worth knowing

  • 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.

XRPZ No data

Full XRPC profile⁠

Full XRPZ profile⁠

XRPC vs XRPZ Holdings

How XRPC and XRPZ differ

Overlap by weight

99.99%

Shared holdings make up 100% of XRPZ and 99.99% of XRPC.

Level by level

  • Asset classAlternatives100%
  • Holdings1 in both99.99%

Sector

No Sector split for XRPC and XRPZ.

Country, concentration and asset class

Country by domicile

No country split for XRPC and XRPZ.

Concentration

Weight in the 10 largest Holdings

  • XRPC100.0%
  • XRPZ100.0%

Securities held

  • XRPC1
  • XRPZ1

Asset class

XRPC
Alternatives
XRPZ
Alternatives

Holdings

  • Only in XRPC0
  • In both1
  • Only in XRPZ0

Only in XRPC

0 securities, 0.0% of XRPC by weight

Only in XRPZ

0 securities, 0.0% of XRPZ by weight

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in XRPC and XRPZ, widest gap first
HoldingMore in XRPCMore in XRPZGap
XrpXRPZ +0.02 points

All XRPC holdings⁠All 2 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.

XRPC vs XRPZ Cost

Overpaying XRPC vs XRPZ

$6,027

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

  • XRPC 0.50%

    $9,979

  • XRPZ 0.19%

    $3,952

$10,000
30 years

Cost over time

  • XRPC 0.50%
  • 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$8K$10K051015202530XRPC $9,979XRPZ $3,952

Year by year

YearXRPCXRPZOverpaying
10$900$347$553
20$3,460$1,351$2,109
30$9,979$3,952$6,027

Expense ratio

  • 0.50%XRPC
  • 0.19%XRPZ, cheaper
  • Middle half of Crypto Spot funds
  • Median 0.35%

XRPZ cheapest of 25 funds

XRPC 17th cheapest of 25 funds

XRPC vs XRPZ Dividends

Last 12 months to Nov 5, 2026
Payout (12M)
XRPC None
XRPZ None

Distribution history

XRPCAll XRPC payments⁠

No distribution history available.

XRPZAll XRPZ payments⁠

No distribution history available.

XRPC vs XRPZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
XRPC 0.78XRPZ 1.09

XRPC and XRPZ in the news

All news⁠

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