GXRP vs XRPC: which tracked its coin?
Over the window both share, GXRP finished 0.40 of a percentage point behind XRP and XRPC 0.75 behind. Grayscale XRP Trust ETF and Canary XRP ETF.
GXRP since launch: fund −34.10%, XRP −33.13%, 0.97 pt behind XRP.
XRPC since launch: fund −35.77%, XRP −35.83%, 0.06 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 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, GXRP finished 0.97 of a percentage point behind XRP and XRPC 0.06 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 | XRPC | GXRP | XRPC | GXRP | XRPC |
| 1 month | +7.2% | +6.9% | +7.9% | +7.9% | −0.8 pts | −1.0 pts |
| 3 months | +40.3% | +40.0% | +41.6% | +41.6% | −1.3 pts | −1.5 pts |
| 6 months | +10.1% | +9.7% | +10.5% | +10.5% | −0.4 pts | −0.8 pts |
| Since each listed GXRP Nov 2025 · XRPC Nov 2025 | −34.1% | −35.8% | −33.1% | −35.8% | −1.0 pts | +0.1 pts |
GXRP and XRPC 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 XRPC 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.
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 30, 2026, XRP moved −35.8% and XRPC returned −35.8%. That leaves it 0.06 of a percentage point ahead.
Questions people ask
- Which tracked XRP more closely, GXRP or XRPC?
- Over the days each has traded, GXRP finished 0.97 of a percentage point behind XRP and XRPC 0.06 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 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.
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 XRPC, data as of Sep 30, 2026. https://etfiq.com/compare/crypto/gxrp-vs-xrpc
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 XRPC, data as of Sep 30, 2026. https://etfiq.com/compare/crypto/gxrp-vs-xrpc Free to use with attribution; the underlying files are at Open data.
Other forms
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- ETFIQ, GXRP against XRPC, data as of Sep 30, 2026. https://etfiq.com/compare/crypto/gxrp-vs-xrpc
- APA
- ETFIQ. (Sep 30, 2026). GXRP against XRPC. Retrieved from https://etfiq.com/compare/crypto/gxrp-vs-xrpc
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