XRP ETF Guide 2026: Every US XRP ETF Compared
6 spot XRP ETFs and one diversified index fund give US investors regulated exposure to XRP, alongside a growing set of futures and leveraged products. Compare them, check the fees, and learn how to buy.
TL;DR: The Ticker Symbols
An XRP ETF is a regulated exchange-traded fund that holds XRP. There are 6 US spot XRP ETFs, plus the Bitwise 10 Crypto Index ETF (BITW), which holds XRP among other assets. As of the close, the 6 spot funds held 1.17 billion XRP worth $1.75 billion.
XRP Locked in ETF Vaults
Real XRP held in custody by each ETF issuer.
What is an XRP ETF?
An XRP ETF is an exchange-traded fund that holds actual XRP tokens in secure custody and trades on traditional stock exchanges like the NYSE and NASDAQ.
Think of it like a gold ETF: you don't hold gold bars in your house, but you own a share of gold held in a vault. Similarly, XRP ETFs hold XRP in institutional custody—Coinbase Custody or BitGo—and each share represents a proportional claim on those holdings.
This structure allows you to gain exposure to XRP through your existing brokerage account at Vanguard, Fidelity, or Schwab, without the complexity of managing private keys or cryptocurrency wallets.
ETF vs ETP vs Trust: What's the Difference?
While browsing the funds, you might notice different terminology. Here is what it means:
- ETF (Exchange-Traded Fund): The standard structure used by Bitwise, Canary, and Franklin Templeton. It's a fund that holds the asset and issues shares.
- ETP (Exchange-Traded Product): An umbrella term that includes ETFs. Some fund filings use it, but for investors these products trade exactly like an ETF.
- Trust: Grayscale (GXRP) originally launched as a private Trust and later converted to an ETF structure. It now trades on public exchanges just like the others.
Key Benefits
XRP ETF Launch Dates & Timeline
The journey to a spot XRP ETF was paved by Ripple's legal clarity and the prior success of Bitcoin and Ethereum ETFs. Here is when the funds officially launched:
First Mover
REX-Osprey (XRPR) becomes the very first spot XRP ETF to begin trading on the Cboe BZX Exchange.
Canary Enters
Canary Capital launches XRPC, quickly gathering significant AUM due to institutional demand.
Bitwise Launches
The Bitwise XRP ETF (XRP) commences operations, per its SEC filings, and lists on NYSE Arca.
The Big Wave
Grayscale (GXRP) and Franklin Templeton (XRPZ) begin trading on NYSE Arca, adding more liquidity and pushing fees down.
Sixth Spot Fund
21Shares lists TOXR, becoming the sixth spot XRP ETF available to US investors. Bitwise also converts its BITW index fund, which holds XRP, into an exchange-listed ETF (December 9).
How Many XRP ETFs Are There?
As of Oct 4, 2026, there are 6 US spot XRP ETFs that hold XRP directly, plus one index fund (BITW) that holds XRP alongside other crypto assets. Also trading in the US: 1 futures-based XRP ETF (XRPI), 3 leveraged XRP ETFs (XRPT, XXRP, UXRP) and 1 options-income XRP fund (XRPM). These get XRP exposure through derivatives or other funds rather than holding XRP directly. 12 more XRP products are registered with the SEC but not yet trading. As of the Oct 6, 2026 close, the spot funds held 1.17 billion XRP ($1.75 billion).
Trading now
| Category | Ticker | Fund | Status |
|---|---|---|---|
| Spot | XRPC | Canary XRP ETF Canary Capital · Holds XRP directly | Trading |
| Spot | XRP | Bitwise XRP ETF Bitwise · Holds XRP directly | Trading |
| Spot | XRPZ | Franklin XRP ETF Franklin Templeton · Holds XRP directly | Trading |
| Spot | GXRP | Grayscale XRP Trust ETF Grayscale · Holds XRP directly | Trading |
| Spot | TOXR | 21Shares XRP ETF 21Shares · Holds XRP directly | Trading |
| Spot | XRPR | REX-Osprey XRP ETF REX-Osprey · Holds XRP directly | Trading |
| Index | BITW | Bitwise 10 Crypto Index ETF Bitwise · Diversified crypto index; XRP is one holding | Trading |
| Futures | XRPI | Volatility Shares XRP ETF Volatility Shares · 1x, holds CME XRP futures; since May 2025 | Trading |
| Leveraged long | XRPT | Volatility Shares 2x XRP ETF Volatility Shares · 2x daily, via XRP futures; since May 2025 | Trading |
| Leveraged long | XXRP | Teucrium 2x Long Daily XRP ETF Teucrium · 2x daily; since April 2025 | Trading |
| Leveraged long | UXRP | ProShares Ultra XRP ETF ProShares · 2x daily; since July 2025 | Trading |
| Options income | XRPM | Amplify XRP 3% Monthly Option Income ETF Amplify · XRP exposure plus written calls; since November 2025 | Trading |
Filed with the SEC, not yet trading
Each links to its latest SEC filing. A registration does not mean the fund will launch; several XRP filings have been withdrawn.
| Category | Ticker | Fund | Status |
|---|---|---|---|
| Leveraged short | — | Teucrium 2x Short Daily XRP ETF Teucrium · -2x daily; effective date repeatedly extended (latest filing Sep 11, 2026) | Pending |
| Futures | PXRP | ProShares XRP ETF ProShares · Effective; prospectus says not yet available for sale | Pending |
| Leveraged long | — | Volatility Shares 3x XRP ETF Volatility Shares · 3x daily | Pending |
| Leveraged long | — | GraniteShares 3x Long XRP Daily ETF GraniteShares · 3x daily | Pending |
| Leveraged short | — | GraniteShares 3x Short XRP Daily ETF GraniteShares · -3x daily | Pending |
| Leveraged long | — | Leverage Shares 2X Long XRP Daily ETF Leverage Shares · 2x daily | Pending |
| Leveraged short | — | Leverage Shares 2X Short XRP Daily ETF Leverage Shares · -2x daily | Pending |
| Leveraged long | XRPL | Defiance Leveraged Long + Income XRP ETF Defiance · Leverage plus options income; effective, not launched | Pending |
| Options income | XRLS | Defiance XRP LightningSpread Income ETF Defiance · Effective, not launched | Pending |
| Options income | KXRP | Kurv XRP Enhanced Income ETF Kurv · Effective, not launched | Pending |
| Options income | — | Roundhill XRP Covered Call Strategy ETF Roundhill | Pending |
| Options income | — | Tuttle Capital XRP Income Blast ETF Tuttle Capital | Pending |
No longer trading: the T-REX 2X Long XRP Daily Target ETF (XRPK) launched in December 2025 and was liquidated in May 2026.
BlackRock: no XRP ETF filing on SEC EDGAR as of Oct 4, 2026 (EDGAR full-text search).
Some diversified multi-asset crypto funds also hold a small amount of XRP; apart from BITW, they are not listed here. Every row was checked against the issuer's product page or the fund's SEC filings on Oct 4, 2026.
All 6 Spot XRP ETFs + BITW Compared
List of US Spot XRP ETFs
- Canary XRP ETF (XRPC)
- Bitwise XRP ETF (XRP)
- Franklin XRP ETF (XRPZ)
- Grayscale XRP Trust ETF (GXRP)
- 21Shares XRP ETF (TOXR)
- REX-Osprey XRP ETF (XRPR)
Plus the Bitwise 10 Crypto Index ETF (BITW), a diversified crypto index fund that holds XRP as one of its assets.
Every spot XRP ETF and BITW, sorted by assets under management (live, from issuer-reported data). Fees are verified against each fund's SEC filings.
| ETF | Ticker | Fee | AUM | XRP |
|---|---|---|---|---|
Bitwise Spot ETF | XRP | 0.34% | $630M | 420.0M |
Franklin TempletonFranklin Spot ETF | XRPZ | 0.19% | $444M | 293.1M |
Canary Capital Spot ETF | XRPC | 0.50% | $368M | 245.4M |
21Shares Spot ETF | TOXR | 0.30% | $161M | 107.3M |
Grayscale Spot ETF | GXRP | 0.35% | $97M | 65.4M |
REX-Osprey Spot ETF | XRPR | 0.75% | $54M | 35.6M |
Bitwise Index Fund | BITW | 0.75% | $31M | 21.0M |
AUM and XRP holdings are the latest issuer-reported figures. View the live dashboard for current prices, volumes and daily flows.
Meet the XRP ETFs
6 spot funds and one index fund. Here's who's competing for your investment.
Canary XRP ETF
Which ETF holds the most XRP?
As of the Oct 6, 2026 close, the Bitwise XRP ETF (XRP) held the most XRP at 419.96 million, followed by the Franklin XRP ETF (XRPZ) at 293.11 million and the Canary XRP ETF (XRPC) at 245.41 million.
Canary Capital, a digital asset specialist firm, launched this fund with a focus on institutional-grade custody. Its sponsor fee is 0.50% per its SEC filings (no active waiver).
Bitwise XRP ETF
Bitwise is a crypto-native asset manager. Its XRP ETF charges a 0.34% sponsor fee; compare its live dollar volume against the other funds on the dashboard. Custody provided by Coinbase.
Franklin XRP ETF
Backed by Franklin Templeton, a $1.5 trillion asset management giant with 75+ years of experience.
At 0.19%, XRPZ has the lowest sponsor fee of any US spot XRP ETF.
The most cost-effective choice for long-term investors who want institutional credibility at the lowest possible cost.
Grayscale XRP Trust ETF
Converted from the original Grayscale XRP Trust, this ETF benefits from Grayscale's pioneering role in crypto investment products. Its sponsor fee is 0.35%; the launch fee waiver ended in February 2026.
21Shares XRP ETF
21Shares is a long-running issuer of crypto exchange-traded products in Europe. Its US XRP fund charges a 0.30% sponsor fee, among the lowest of the spot XRP ETFs.
REX-Osprey XRP ETF
A joint venture between REX Shares and Osprey Funds. REX-Osprey was the first XRP ETF to begin trading, giving them first-mover advantage. Its total expense ratio is 0.75%, the highest of the spot XRP ETFs.
Bitwise 10 Crypto Index ETF
Not a pure XRP play. BITW holds the top 10 cryptocurrencies weighted by market cap, with XRP a single-digit percentage of the portfolio. It has traded on NYSE Arca as an ETF since December 2025, when its fee was cut to 0.75% from 2.50%. For investors who want diversified crypto exposure rather than XRP alone.
XRP ETF Inflows & Outflows
As of the close, the 6 US spot XRP ETFs held 1.17 billion XRP ($1.75 billion in net assets). On that day, the funds plus BITW recorded net inflows of 1.68 million XRP. The XRP ETF tracker has the daily flow table.
Why do flows matter? ETF inflows represent new institutional and retail capital entering the XRP ecosystem. When an investor buys a share of an XRP ETF, the issuer must purchase and lock up actual XRP tokens to back that share, reducing the circulating supply on exchanges.
Spot vs. Futures XRP ETFs
The 6 funds in the comparison table are spot ETFs: they hold actual XRP with a custodian (BITW also holds XRP directly, alongside other assets). A futures ETF gets XRP exposure through futures contracts instead, and leveraged ETFs use derivatives to multiply XRP's daily move (see the full list). Long-term investors usually prefer spot ETFs: they track the XRP price directly, with no futures roll costs and lower fees.
Custody & Security: Who holds the XRP?
When you buy an XRP ETF, the issuer doesn't hold the tokens themselves. They use institutional-grade, regulated custodians. According to the funds' SEC filings, Coinbase Custody holds the XRP for Bitwise, Franklin Templeton and Grayscale; Canary Capital uses BitGo and Coinbase; 21Shares splits custody across Coinbase, BitGo and Anchorage Digital; and REX-Osprey uses Anchorage. Both utilize offline, multi-signature "cold storage" to ensure the assets cannot be hacked or stolen from the internet.
Understanding ETF Fees
The expense ratio is automatically deducted from the fund's assets daily. While the differences seem small, they compound significantly over time.
Why Fees Matter
Over 10 years, choosing 0.19% instead of 0.75% on a $50,000 investment (assuming 10% annual returns) saves you about $6,962.
How to Buy XRP ETFs
Buying an XRP ETF is as simple as buying any stock. Three steps and you're done.
Open a Brokerage Account
If you don't already have one, open an account at any major brokerage. Most offer free accounts with no minimum balance.
Search for the ETF Ticker
Use your brokerage's search to find one of these ticker symbols:
Place Your Order
Enter the dollar amount or number of shares you want to buy. Most brokerages support fractional shares, so you can invest as little as $1. Choose "Market Order" for immediate execution.
ETF vs Buying XRP Directly
XRP ETF
- Trade on stock exchanges
- Hold in IRA/401(k)
- SEC regulated
- No wallet needed
- Annual fees (0.19%-0.75%)
- Market hours only
Direct XRP
- True ownership
- Trade 24/7
- No annual fees
- Use in DeFi
- Self-custody risk
- No IRA benefits
Tax Advantages of XRP ETFs
One of the biggest advantages of XRP ETFs is the ability to hold them in tax-advantaged retirement accounts.
Traditional IRA
- • Contributions may be tax-deductible
- • Gains grow tax-deferred
- • Pay taxes on withdrawal
Roth IRA
- • Contribute after-tax dollars
- • All gains are tax-free
- • No taxes on withdrawal after 59½
Example: Invest $10,000 in a Roth IRA. If it grows to $100,000, you pay $0 in taxes on the $90,000 gain.
Frequently Asked Questions
What is an XRP ETF?+
An XRP ETF (Exchange-Traded Fund) is a regulated investment product that holds actual XRP tokens in secure custody and trades on traditional stock exchanges like NYSE and NASDAQ. It lets you invest in XRP through your brokerage account without directly owning cryptocurrency or managing wallets.
How many XRP ETFs are there?+
There are 6 US spot XRP ETFs that hold XRP directly: Canary Capital (XRPC), Bitwise (XRP), Franklin Templeton (XRPZ), Grayscale (GXRP), 21Shares (TOXR), and REX-Osprey (XRPR). The Bitwise 10 Crypto Index ETF (BITW) also holds XRP as one of several assets in a diversified index. Also trading in the US as of Oct 4, 2026: 1 futures-based XRP ETF (XRPI), 3 leveraged XRP ETFs (XRPT, XXRP, UXRP), and 1 options-income XRP fund (XRPM), which get XRP exposure through derivatives or other funds and do not hold XRP directly. 12 more XRP products are registered with the SEC but not yet trading. As of the Oct 6, 2026 close, the 6 spot funds held 1.17 billion XRP with $1.75 billion in net assets (1.19 billion XRP and $1.78 billion including BITW).
Is there an XRP ETF?+
Yes. Six spot XRP ETFs trade on US exchanges (XRPC, XRP, XRPZ, GXRP, TOXR, XRPR), so you can get XRP exposure through an ordinary brokerage account at Vanguard, Fidelity, Schwab and others.
Which XRP ETF has the lowest fees?+
Franklin Templeton's XRPZ has the lowest sponsor fee at 0.19% per year, or $1.90 a year for every $1,000 invested. 21Shares' TOXR charges 0.30%, Bitwise's XRP charges 0.34%, Grayscale's GXRP charges 0.35%, Canary Capital's XRPC charges 0.50%, and REX-Osprey's XRPR charges 0.75% (total expense ratio). No fee waivers are currently active. Fees are from each fund's SEC filings and issuer page.
Which XRP ETF is the best?+
It depends on your priorities. XRPZ (Franklin Templeton) has the lowest fee at 0.19%. As of the Oct 6, 2026 close, the Bitwise XRP ETF (XRP) held the most XRP at 419.96 million, followed by the Franklin XRP ETF (XRPZ) at 293.11 million and the Canary XRP ETF (XRPC) at 245.41 million. For liquidity, compare daily dollar volume on the live dashboard.
Which XRP ETF holds the most XRP?+
As of the Oct 6, 2026 close, the Bitwise XRP ETF (XRP) held the most XRP at 419.96 million, followed by the Franklin XRP ETF (XRPZ) at 293.11 million and the Canary XRP ETF (XRPC) at 245.41 million. Holdings are read from each issuer's fund page and change daily; the live dashboard has the current figures.
Has BlackRock filed for an XRP ETF?+
No. As of October 4, 2026, BlackRock has not filed for an XRP ETF: an SEC EDGAR full-text search finds no filing for an "iShares XRP" or "BlackRock XRP" product, and none of BlackRock's iShares registrants is an XRP fund. BlackRock's US crypto ETFs cover bitcoin and ether.
Can I buy XRP ETF on Vanguard?+
Yes. Vanguard began letting its brokerage clients buy spot crypto ETFs, including XRP ETFs, in December 2025. Search for XRPC, XRP, XRPZ, GXRP, TOXR, XRPR in your Vanguard account.
Can I buy XRP ETF on Fidelity?+
Yes. Fidelity customers can buy XRP ETFs in their brokerage accounts, and in IRAs where the account type allows ETFs.
Can I hold XRP ETF in my IRA or 401(k)?+
Yes. XRP ETFs can be held in Traditional IRAs, Roth IRAs, and 401(k)s. This is a major advantage over buying XRP directly, as you get significant tax benefits—especially with a Roth IRA where all gains are tax-free.
What is the minimum investment for XRP ETFs?+
Most brokerages offer fractional shares, so you can invest as little as $1 in any XRP ETF. There's no minimum required—you can start with any amount you're comfortable with.
Are XRP ETFs safe?+
XRP ETFs are SEC-regulated with institutional custody from providers like Coinbase Custody and BitGo. They're safer than self-custody in terms of security, but still carry the volatility risk inherent to cryptocurrency investments.
What is the total AUM of XRP ETFs?+
As of the Oct 6, 2026 close, the 6 US spot XRP ETFs had $1.75 billion in combined net assets and held 1.17 billion XRP. Including the XRP held by BITW, the totals were $1.78 billion and 1.19 billion XRP.
What is the difference between a Spot and Futures XRP ETF?+
A spot XRP ETF holds actual XRP tokens with a custodian to back your shares. A futures XRP ETF gets its exposure through XRP futures contracts instead, so it does not hold XRP and is affected by futures roll costs. Leveraged XRP ETFs use derivatives to deliver a multiple (such as 2x) of XRP's daily move and are designed for short-term trading.
Track the Entire XRP Ecosystem
XRP ETFs are just one piece of the puzzle. Explore real-time data and see where all 100 billion XRP lives.
Track XRP ETFs in Real-Time
Our free XRP ETF tracker shows AUM, holdings, daily flows and prices for the 6 spot XRP ETFs plus BITW.