Data as of .
XRP vs XRPC: which tracked its coin?
Over the window both share, XRP finished 0.12 of a percentage point ahead of XRP and XRPC 0.10 behind.
ETFIQ Coin Capture Score: XRPC 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
XRP and XRPC 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, XRP finished 0.14 of a percentage point behind XRP and XRPC 0.45 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 | |||
|---|---|---|---|---|---|---|
| XRP | XRPC | XRP | XRPC | XRP | XRPC | |
| 1 month | +35.3% | +35.4% | +35.0% | +35.0% | +0.3 pts | +0.4 pts |
| 3 months | +20.3% | +20.3% | +19.8% | +19.8% | +0.5 pts | +0.5 pts |
| 6 months | −2.9% | −3.1% | −3.0% | −3.0% | +0.1 pts | −0.1 pts |
| Since each listed | −32.2% | −41.1% | −32.1% | −41.6% | −0.1 pts | +0.5 pts |
| XRP Bitwise XRP ETF Holds XRP through a custodian, listed Nov 20, 2025 | XRPC Canary XRP ETF Holds XRP through a custodian, listed Nov 13, 2025 | |
|---|---|---|
| Sponsor | Bitwise | Canary |
| Holds | XRP | XRP |
| Net assets | $299m, balance sheet of Jun 30, 2026 | not read |
| Sponsor’s fee | 0.34% | not read |
| Fee waiver | the whole fee, until December 19, 2025 | none |
| Staking | the chain has none | possible; no clear answer read |
| Listed | Nov 20, 2025 | Nov 13, 2025 |
| Days since listing | 295 days | 302 days |
| Days it has traded | 202 | 207 |
| 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 | −32.2% | −41.1% |
| The coin over the same days | −32.1% | −41.6% |
| Difference, percentage points | −0.1 pts | +0.5 pts |
| Fund returned since it listed | −32.2% | −41.1% |
| Difference since it listed | −0.1 pts | +0.5 pts |
| Price | $15.22 | $14.46 |
XRP in plain words
XRP 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 −32.1% and XRP returned −32.2%. That leaves it 0.14 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. XRP charges 0.34% a year and finished 0.1% behind XRP, so the fee is more than the whole difference. 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.
XRPC in plain words
XRPC 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 −41.6% and XRPC returned −41.1%. That leaves it 0.45 of a percentage point ahead.
Questions people ask
- Which tracked XRP more closely, XRP or XRPC?
- Over the days each has traded, XRP finished 0.14 of a percentage point behind XRP and XRPC 0.45 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 XRP or XRPC 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 XRP and XRPC?
- Both hold XRP through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. XRP is sponsored by Bitwise and listed Nov 20, 2025; XRPC by Canary, listed Nov 13, 2025.
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, XRP against XRPC, data as of Sep 11, 2026. https://etfiq.com/compare/crypto/XRP-XRPC Free to use with attribution; the underlying files are at Open data.