GXRP vs TOXR: which tracked its coin?
Over the window both share, GXRP finished 0.40 of a percentage point behind XRP and TOXR 0.38 behind. Grayscale XRP Trust ETF and 21Shares XRP ETF.
GXRP since launch: fund −34.10%, XRP −33.13%, 0.97 pt behind XRP.
TOXR since launch: fund −26.73%, XRP −26.80%, 0.07 pts ahead of XRP.
A percentile among the 25 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 0.97 of a percentage point behind XRP and TOXR 0.07 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
| Total return | The coin over the same days | Difference, percentage points | ||||
|---|---|---|---|---|---|---|
| Window | GXRP | TOXR | GXRP | TOXR | GXRP | TOXR |
| 1 month | +7.2% | +7.0% | +7.9% | +7.9% | −0.8 pts | −0.9 pts |
| 3 months | +40.3% | +40.5% | +41.6% | +41.6% | −1.3 pts | −1.1 pts |
| 6 months | +10.1% | +10.1% | +10.5% | +10.5% | −0.4 pts | −0.4 pts |
| Since each listed GXRP Nov 2025 · TOXR Dec 2025 | −34.1% | −26.7% | −33.1% | −26.8% | −1.0 pts | +0.1 pts |
GXRP and TOXR over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
GXRP and TOXR on the same fields, as of Sep 30, 2026. Source: ETFIQ.
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 30, 2026, XRP moved −33.1% and GXRP returned −34.1%. That leaves it 0.97 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 1.0% 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 30, 2026, XRP moved −26.8% and TOXR returned −26.7%. That leaves it 0.07 of a percentage point ahead. TOXR charges 0.30% a year and finished −0.1% behind XRP, so the fee is more than the whole difference.
Questions people ask
- Which tracked XRP more closely, GXRP or TOXR?
- Over the days each has traded, GXRP finished 0.97 of a percentage point behind XRP and TOXR 0.07 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.
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.
ETFIQ, GXRP against TOXR, data as of Sep 30, 2026. https://etfiq.com/compare/crypto/gxrp-vs-toxr
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, GXRP against TOXR, data as of Sep 30, 2026. https://etfiq.com/compare/crypto/gxrp-vs-toxr Free to use with attribution; the underlying files are at Open data.
Other forms
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- ETFIQ, GXRP against TOXR, data as of Sep 30, 2026. https://etfiq.com/compare/crypto/gxrp-vs-toxr
- APA
- ETFIQ. (Sep 30, 2026). GXRP against TOXR. Retrieved from https://etfiq.com/compare/crypto/gxrp-vs-toxr
- Markdown
- [GXRP against TOXR (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/crypto/gxrp-vs-toxr)