Data as of .
GXRP vs TOXR: which tracked its coin?
Over the window both share, GXRP finished 0.04 of a percentage point behind XRP and TOXR 0.43 ahead.
ETFIQ Coin Capture Score: TOXR scores higher
How much of what holding the coin gave did a holder of the fund keep?
A percentile among the 28 spot crypto ETPs listed less than a year. It is a position in a set, not a rating, and neither end of it is a recommendation. All crypto ETFs ranked by it · How it is computed
The same coin, two trusts
GXRP and TOXR hold the same asset. Both are 1933 Act trusts holding XRP through a custodian, so neither has a portfolio to compare: the whole of each fund is one line. Over the days each has traded, GXRP finished 0.56 of a percentage point behind XRP and TOXR 0.55 of a percentage point ahead, but the two windows are not the same days, so neither figure is set against the other here. That gap is the fee, the custody, the creation and redemption friction and the market’s pricing of the shares, compounded into one figure.
Performance, window by window
| Window | Total return | The coin over the same days | Difference, percentage points | |||
|---|---|---|---|---|---|---|
| GXRP | TOXR | GXRP | TOXR | GXRP | TOXR | |
| 1 month | +35.4% | +35.8% | +35.0% | +35.0% | +0.4 pts | +0.8 pts |
| 3 months | +20.0% | +20.4% | +19.8% | +19.8% | +0.2 pts | +0.6 pts |
| 6 months | −3.1% | −2.6% | −3.0% | −3.0% | 0.0 pts | +0.4 pts |
| Since each listed | −39.7% | −32.8% | −39.1% | −33.3% | −0.6 pts | +0.6 pts |
| GXRP Grayscale XRP Trust ETF Holds XRP through a custodian, listed Nov 24, 2025 | TOXR 21Shares XRP ETF Holds XRP through a custodian, listed Dec 11, 2025 | |
|---|---|---|
| Sponsor | Grayscale | 21Shares |
| Holds | XRP | XRP |
| Net assets | $57m, balance sheet of Jun 30, 2026 | $113m, balance sheet of Jun 30, 2026 |
| Sponsor’s fee | 0.35% | 0.30% |
| Fee waiver | none | none |
| Staking | the chain has none | the chain has none |
| Listed | Nov 24, 2025 | Dec 11, 2025 |
| Days since listing | 291 days | 274 days |
| Days it has traded | 200 | 188 |
| Days it closed unchanged | 1 | 1 |
| Quoted | on an exchange, every trading day | on an exchange, every trading day |
| Fund returned, 1 year or since launch | −39.7% | −32.8% |
| The coin over the same days | −39.1% | −33.3% |
| Difference, percentage points | −0.6 pts | +0.6 pts |
| Fund returned since it listed | −39.7% | −32.8% |
| Difference since it listed | −0.6 pts | +0.6 pts |
| Price | $26.37 | $13.29 |
GXRP in plain words
GXRP holds XRP through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the time since it listed to Sep 11, 2026, XRP moved −39.1% and GXRP returned −39.7%. That leaves it 0.56 of a percentage point behind. That difference is the fee, the custody cost, the friction of creating and redeeming shares in blocks, and whatever the market paid for the shares rather than for the coin, all of it together. It is the only figure on this page the sponsor does not publish itself. GXRP charges 0.35% a year and finished 0.6% behind XRP, so the fee is less than the whole difference and the rest is what the market paid for the shares, which moved against holders. A spot trust is not a registered investment company. It files a 10-K rather than an N-PORT, and its holding is one line: the XRP it custodies.
TOXR in plain words
TOXR holds XRP through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the time since it listed to Sep 11, 2026, XRP moved −33.3% and TOXR returned −32.8%. That leaves it 0.55 of a percentage point ahead. TOXR charges 0.30% a year and still finished 0.6% ahead of XRP, which a fee cannot do on its own. On a chain with nothing to stake, a fund cannot earn its way past the asset it holds: what moved is what the market paid for the shares.
Questions people ask
- Which tracked XRP more closely, GXRP or TOXR?
- Over the days each has traded, GXRP finished 0.56 of a percentage point behind XRP and TOXR 0.55 of a percentage point ahead. Those are not set against each other here, because the two windows are not the same days, so neither is nearer its coin than the other on this page. Each difference carries the fee, the custody cost, the friction of creating and redeeming shares in blocks and whatever the market paid for the shares rather than for the coin.
- Do GXRP or TOXR pay a staking yield?
- The XRP Ledger settles by a consensus its validators are not paid for, so there is nothing to stake and no fund holding XRP can pay a staking yield.
- What is the difference between GXRP and TOXR?
- Both hold XRP through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. GXRP is sponsored by Grayscale and listed Nov 24, 2025; TOXR by 21Shares, listed Dec 11, 2025.
- Which is cheaper, GXRP or TOXR?
- GXRP charges 0.35% a year and TOXR charges 0.30%, so TOXR is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, GXRP against TOXR, data as of Sep 11, 2026. https://etfiq.com/compare/crypto/GXRP-TOXR Free to use with attribution; the underlying files are at Open data.