Data as of .
GXRP vs XRPZ: which tracked its coin?
Over the window both share, GXRP finished 0.04 of a percentage point behind XRP and XRPZ 0.22 ahead.
ETFIQ Coin Capture Score: GXRP 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 XRPZ 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 same days, GXRP finished 0.56 of a percentage point behind XRP and XRPZ 0.83 of a percentage point behind, so GXRP kept more of what holding the coin gave, by 0.27 of a percentage point. 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 | XRPZ | GXRP | XRPZ | GXRP | XRPZ | |
| 1 month | +35.4% | +35.2% | +35.0% | +35.0% | +0.4 pts | +0.2 pts |
| 3 months | +20.0% | +20.3% | +19.8% | +19.8% | +0.2 pts | +0.4 pts |
| 6 months | −3.1% | −2.8% | −3.0% | −3.0% | 0.0 pts | +0.2 pts |
| Since each listed | −39.7% | −39.9% | −39.1% | −39.1% | −0.6 pts | −0.8 pts |
| GXRP Grayscale XRP Trust ETF Holds XRP through a custodian, listed Nov 24, 2025 | XRPZ Franklin XRP Trust Holds XRP through a custodian, listed Nov 24, 2025 | |
|---|---|---|
| Sponsor | Grayscale | Franklin |
| Holds | XRP | XRP |
| Net assets | $57m, balance sheet of Jun 30, 2026 | $236m, balance sheet of Jun 30, 2026 |
| Sponsor’s fee | 0.35% | 0.19% |
| Fee waiver | none | the whole fee, first $5.0 billion of assets |
| Staking | the chain has none | the chain has none |
| Listed | Nov 24, 2025 | Nov 24, 2025 |
| Days since listing | 291 days | 291 days |
| Days it has traded | 200 | 200 |
| Days it closed unchanged | 1 | 0 |
| Quoted | on an exchange, every trading day | on an exchange, every trading day |
| Fund returned, 1 year or since launch | −39.7% | −39.9% |
| The coin over the same days | −39.1% | −39.1% |
| Difference, percentage points | −0.6 pts | −0.8 pts |
| Fund returned since it listed | −39.7% | −39.9% |
| Difference since it listed | −0.6 pts | −0.8 pts |
| Price | $26.37 | $14.78 |
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.
XRPZ in plain words
XRPZ 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 XRPZ returned −39.9%. That leaves it 0.83 of a percentage point behind. XRPZ charges 0.19% a year and finished 0.8% 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.
Questions people ask
- Which tracked XRP more closely, GXRP or XRPZ?
- Over the window to Sep 11, 2026, GXRP finished 0.56 of a percentage point behind XRP and XRPZ 0.83 of a percentage point behind, so GXRP tracked it more closely, by 0.27 of a percentage point. 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 together.
- Do GXRP or XRPZ 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 XRPZ?
- 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; XRPZ by Franklin, listed Nov 24, 2025.
- Which is cheaper, GXRP or XRPZ?
- GXRP charges 0.35% a year and XRPZ charges 0.19%, so XRPZ 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 XRPZ, data as of Sep 11, 2026. https://etfiq.com/compare/crypto/GXRP-XRPZ Free to use with attribution; the underlying files are at Open data.