XRP ETF Comparison 2025: Which Fund Wins?

The floodgates have opened. With multiple XRP ETFs now trading, investors are spoiled for choice. But not all ETFs are created equal. Some charge triple the fees of others; some have massive liquidity while others are quiet.

We've analyzed the data to help you pick the winner for your portfolio.

Live Check: Markets move fast. For up-to-the-minute AUM and volume stats, verify on our Interactive Dashboard.

How to Judge an ETF

Don't just pick the first name you recognize. Here is what matters:

1. The "Price Tag" (Expense Ratio)

This is the fee the fund takes every year.

• 0.25%: Cheap. Excellent deal.
• 0.95%+: Expensive. Needs a good reason to justify the cost.

2. Liquidity is King

You want an ETF with high daily trading volume. Why?

• Tighter Spreads: You pay less hidden costs when buying/selling.
• Easy Exit: You can sell huge amounts instantly without crashing the price.

3. Custody & Security

Who is actually holding the coins? Most use Coinbase Custody, but some diversify. Institutional-grade security is non-negotiable.

Bitwise XRP ETF

Ticker: Expected listing pending SEC approval
The Pitch: "Crypto specialists with low fees."

Bitwise isn't a traditional bank trying to be cool; they are crypto natives. They've been building crypto index funds since 2017 and understand the asset class deeply. Their Bitcoin ETF (BITB) proved they can deliver institutional-quality products at aggressive price points.

• Pros: Industry-leading low fees (targeting 0.20-0.25%), full transparency (they publish wallet addresses), deep crypto expertise, and proven track record with Bitcoin ETF.
• Cons: Smaller brand recognition among traditional investors compared to legacy asset managers.

Grayscale XRP Trust

Ticker: Currently trades OTC as a trust; ETF conversion pending
The Pitch: "The brand you know."

Grayscale is the 800lb gorilla of crypto investing. They've been running crypto trusts since 2013 and manage over $20 billion in assets. Their existing XRP Trust would convert to an ETF, bringing significant legacy AUM.

• Pros: Massive existing holdings, proven operational track record, first-mover advantage, highest initial liquidity.
• Cons: Historically higher fees (their Bitcoin ETF charges 1.5%). You're paying a premium for brand and legacy liquidity.

Franklin Templeton XRP ETF

Ticker: Expected listing pending SEC approval
The Pitch: "Wall Street Safety."

When a firm with 75+ years of history and $1.5 Trillion in assets launches a crypto fund, institutions listen. Franklin Templeton has embraced blockchain technology more than most traditional managers, even building their own blockchain-native money market fund.

• Pros: Rock-solid reputation, massive distribution network, attracts conservative institutions and RIAs, competitive pricing (targeting ~0.19%).
• Cons: Not crypto-native, which may mean slower innovation on features crypto enthusiasts care about.

Canary Capital XRP ETF

Ticker: Expected listing pending SEC approval
The Pitch: "Built for the People."

Canary is the new kid on the block, specifically focused on bringing alternative crypto assets to mainstream investors. They've filed for multiple altcoin ETFs including XRP, Solana, and Litecoin.

• Pros: Retail-friendly approach, aggressive on filing for assets others haven't, competitive fees (targeting 0.35%).
• Cons: New issuer with no track record, lower expected liquidity compared to the giants.

WisdomTree XRP ETF

Ticker: Expected listing pending SEC approval
The Pitch: "ETF Innovation Meets Crypto."

WisdomTree is a pioneer in thematic and commodity ETFs with $100+ billion in AUM. They bring decades of ETF expertise to crypto, having already launched successful Bitcoin and Ethereum products.

• Pros: Deep ETF expertise, strong distribution to advisors, competitive pricing, proven crypto product management.
• Cons: Not crypto-first; may lack the deep asset expertise of pure-play crypto firms.

Quick Comparison Table

*Fees are estimates based on filings and may change. Always verify with the official prospectus before investing.

The Verdict: Which to Choose?

For the Cost-Conscious (Most Investors)

Winner: Franklin Templeton or Bitwise.
Both are targeting fees under 0.25%. Over a 10-year hold, the difference between a 0.19% and 1.5% fee on $10,000 is over $1,300 in your pocket. For most buy-and-hold investors, low fees matter most.

For the "Safe Hands" Investor

Winner: Franklin Templeton.
If you sleep better knowing your money is with a firm that has survived every financial crisis since World War II, has $1.5 trillion in AUM, and is trusted by institutions worldwide—this is your pick.

For the Crypto Purist

Winner: Bitwise.
They publish their wallet addresses, have deep crypto expertise, and have proven they can compete with the big boys. If you want a team that truly understands the asset, Bitwise is your choice.

For the Active Trader

Winner: Grayscale (or Highest Volume Leader).
Traders care about liquidity, not annual fees. Tighter spreads and instant execution matter more when you're moving in and out. Check our dashboard to see who's leading in daily volume.

Frequently Asked Questions

When will XRP ETFs be available?

Multiple issuers have filed applications with the SEC. While timing is uncertain, many analysts expect decisions in 2025. The SEC has been more receptive to crypto ETFs following the successful Bitcoin ETF launches in January 2024.

Will all these ETFs launch at the same time?

Likely not. The SEC typically approves applications in batches, but some issuers may receive approval before others depending on when they filed and the quality of their applications.

Can I hold multiple XRP ETFs?

Yes, but there's usually no advantage to doing so—they all track the same asset. The main reason would be if you wanted to spread custodial risk across different providers, but this is generally unnecessary for most investors.

How do fees impact my returns over time?

Significantly. A 1% difference in annual fees on $10,000 over 10 years (assuming 10% annual returns) costs you approximately $2,500. The math favors low-cost providers, especially for long-term holders.

Should I wait for the lowest-fee option?

Not necessarily. Time in the market often beats timing the market. If you're bullish on XRP, getting exposure sooner through any reputable ETF may outweigh the small fee differences. You can always switch later.

Track the Battle Live

The landscape changes daily. Fees get cut, volume shifts, and AUM grows. Keep your finger on the pulse with our live data.

View Real-Time Comparison Dashboard →

New to XRP ETFs? Start with our guide on what XRP ETFs are or learn how to invest step-by-step.

Disclaimer: Comparison data is based on available filings and is subject to change. Fee estimates are not guaranteed. We do not provide financial advice. Always read the prospectus before investing.