Expense ratios for XRP ETFs range from 0.19% to 0.75% - a 4x difference that can cost you thousands over time. This guide breaks down every fee, reveals hidden costs, and helps you find the cheapest XRP ETF for your portfolio.
Which XRP ETF has the lowest fees? Franklin Templeton XRPZ has the lowest expense ratio at 0.19%, making it 44% cheaper than Bitwise (0.34%) and nearly half the cost of most competitors. On a $10,000 investment, XRPZ costs just $19 per year in fees.
Quick Fee Comparison
Cheapest XRP ETF: Franklin Templeton XRPZ
At 0.19% expense ratio, Franklin Templeton XRPZ is the lowest-cost XRP ETF available. On a $10,000 investment, you'll pay just $19/year in fees.
All XRP ETF Expense Ratios (January 2026)
Here is a complete breakdown of expense ratios for every XRP ETF, ranked from lowest to highest:
| Rank | ETF | Ticker | Expense Ratio | Fee per $10K |
|---|---|---|---|---|
| 1 | Franklin Templeton | XRPZ | 0.19% | $19/year |
| 2 | 21Shares | TOXR | 0.30% | $30/year |
| 3 | Bitwise | XRP | 0.34% | $34/year |
| 4 | Grayscale | GXRP | 0.35%* | $35/year |
| 4 | Canary Capital | XRPC | 0.35% | $35/year |
| 5 | REX-Osprey | XRPR | 0.75% | $75/year |
| 6 | Bitwise 10 Index | BITW | 2.50% | $250/year |
*Grayscale fee waiver active until February 2026, reducing effective fee temporarily.
Leveraged & Income ETF Fees
Leveraged and income-focused XRP ETFs have significantly higher fees:
| ETF | Type | Expense Ratio | Fee per $10K |
|---|---|---|---|
| XRPT (Volatility Shares) | 2x Leveraged | 0.94% | $94/year |
| UXRP (ProShares) | 2x Leveraged | 1.64% | $164/year |
Fee Cost Calculator: What You'll Actually Pay
The true cost of fees compounds over time. Here's what you'll pay on different investment amounts:
$10,000 Investment
| ETF | 1 Year | 5 Years | 10 Years | 20 Years |
|---|---|---|---|---|
| XRPZ (0.19%) | $19 | $95 | $190 | $380 |
| TOXR (0.30%) | $30 | $150 | $300 | $600 |
| XRP (0.34%) | $34 | $170 | $340 | $680 |
| XRPC (0.35%) | $35 | $175 | $350 | $700 |
| XRPR (0.75%) | $75 | $375 | $750 | $1,500 |
$50,000 Investment
| ETF | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
| XRPZ (0.19%) | $95 | $475 | $950 |
| TOXR (0.30%) | $150 | $750 | $1,500 |
| XRP (0.34%) | $170 | $850 | $1,700 |
| XRPC (0.35%) | $175 | $875 | $1,750 |
| XRPR (0.75%) | $375 | $1,875 | $3,750 |
Key Insight: Fee Savings Add Up
On a $50,000 investment over 10 years, choosing XRPZ (0.19%) over XRPR (0.75%) saves you $2,800. That's money that stays in your portfolio and compounds.
Hidden Costs Beyond the Expense Ratio
The expense ratio isn't the only cost. Here are hidden fees that can eat into your returns:
1. Bid-Ask Spread
When you buy or sell an ETF, you pay the spread between the bid and ask price. Higher volume ETFs like Bitwise XRP typically have tighter spreads (lower cost), while lower volume funds may have wider spreads.
- High liquidity (tight spread): Bitwise XRP, Franklin XRPZ
- Medium liquidity: Grayscale GXRP, Canary XRPC
- Lower liquidity (wider spread): XRPR, smaller funds
2. Premium/Discount to NAV
ETFs can trade at a premium (above) or discount (below) their net asset value (NAV). This means you might pay more than the XRP is worth when buying, or receive less when selling.
- Spot ETFs: Generally trade very close to NAV
- Grayscale: Historically traded at premium/discount before ETF conversion
3. Trading Commissions
Most major brokers (Fidelity, Schwab, Vanguard, Robinhood, E*TRADE) now offer commission-free ETF trading. However, some brokers or account types may still charge commissions.
4. Account Fees
Some brokers charge account maintenance fees, inactivity fees, or transfer fees. These are separate from ETF expenses.
Fee Waivers & Promotions (January 2026)
Several XRP ETFs currently offer promotional pricing:
Grayscale GXRP Fee Waiver
Grayscale is waiving a portion of their fee until February 2026. After the waiver expires, the full 0.35% expense ratio will apply. If you're considering Grayscale, factor in the post-waiver cost.
Broker Promotions
Check with your broker for:
- Commission-free ETF lists
- New account bonuses
- Transfer incentives
Which XRP ETF Is Cheapest Overall?
Taking all costs into account, here's our ranking of XRP ETFs by total cost:
For Long-Term Investors (5+ years)
- Franklin Templeton XRPZ (0.19%) - Lowest expense ratio, reasonable liquidity
- Bitwise XRP (0.34%) - Competitive fee with best liquidity
- Grayscale GXRP (0.35%) - Established brand, good volume
For Active Traders
- Bitwise XRP (0.34%) - Best liquidity, tightest spreads
- Franklin XRPZ (0.19%) - Low fees, good liquidity
- Grayscale GXRP (0.35%) - Established brand, good volume
Do XRP ETF Fees Really Matter?
Yes, but context matters. Here's how to think about fees:
When Fees Matter Most
- Long holding periods: Fees compound over time
- Large investments: 0.15% difference on $100K = $150/year
- Retirement accounts: Decades of compounding
When Fees Matter Less
- Short-term trading: Spread and execution matter more
- Small investments: $5 vs $3 annually isn't significant
- High volatility: XRP's price swings dwarf fee differences
The Bottom Line
For most investors, choosing Franklin XRPZ or Bitwise XRP is the right move. The fee difference between these two (0.15%) amounts to $15/year per $10,000. That's meaningful over decades but won't make or break your investment.
Avoid high-fee options like XRPR (0.75%) or BITW (2.50%) unless you have a specific reason.
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Frequently Asked Questions
What is the cheapest XRP ETF?
Franklin Templeton XRPZ is the cheapest XRP ETF with an expense ratio of 0.19%. This is 44% cheaper than Bitwise XRP (0.34%) and nearly half the cost of most competitors. For a $10,000 investment held for 10 years, XRPZ would cost approximately $190 in fees versus $340 for Bitwise.
What is the expense ratio for XRP ETFs?
XRP ETF expense ratios range from 0.19% to 2.50%. Franklin Templeton XRPZ has the lowest at 0.19%, followed by 21Shares TOXR at 0.30%, Bitwise XRP at 0.34%, Grayscale GXRP and Canary XRPC at 0.35%, REX-Osprey XRPR at 0.75%, and Bitwise BITW index at 2.50%.
How much do XRP ETF fees cost per year?
On a $10,000 XRP ETF investment, annual fees range from $19 (Franklin XRPZ at 0.19%) to $250 (Bitwise BITW at 2.50%). The most popular dedicated XRP ETFs cost between $19-75 per year per $10,000 invested. Fees are automatically deducted from the fund's assets, reducing your returns.
Are there any XRP ETF fee waivers?
Yes, Grayscale GXRP offers a fee waiver that reduces their expense ratio until February 2026. After the waiver expires, the fee will be 0.35%. Some brokers also offer commission-free trading on certain XRP ETFs as promotional offers.
Do XRP ETF fees include trading commissions?
No, the expense ratio does not include trading commissions. However, most major brokers (Fidelity, Schwab, Vanguard, Robinhood) offer commission-free ETF trading. You may still pay a bid-ask spread when buying or selling, which is a hidden cost separate from the expense ratio.
Is Bitwise or Franklin XRP ETF cheaper?
Franklin Templeton XRPZ is cheaper than Bitwise XRP. XRPZ has a 0.19% expense ratio versus Bitwise's 0.34%, making Franklin 44% cheaper. Over 10 years on a $10,000 investment, you would save $150 by choosing Franklin over Bitwise.
Sources
Disclaimer: This article is for educational purposes only and does not constitute investment advice. Fee data as of January 2026 and subject to change. Always verify current fees in the ETF prospectus before investing.
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