GXRP vs XRPR: which tracked its coin?
Over the window both share, GXRP finished 0.40 of a percentage point behind XRP and XRPR 0.93 behind. Grayscale XRP Trust ETF and REX-Osprey XRP ETF.
GXRP since launch: fund −34.10%, XRP −33.13%, 0.97 pt behind XRP.
XRPR over 1 year: fund −48.60%, XRP −47.69%, 0.91 pts behind XRP.
GXRP among the 25 spot crypto ETPs listed less than a year
XRPR among the 23 spot crypto ETPs with a full year
A percentile among the 25 spot crypto ETPs listed less than a year. XRPR is a percentile among the 23 spot crypto ETPs with a full year, a different set, so the two marks are not on one scale. 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 XRPR 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 XRPR 0.91 of a percentage point behind, 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. XRPR has 67 more days of record than GXRP, and a longer record is a longer window over which a cost can show itself.
Performance, window by window
| Total return | The coin over the same days | Difference, percentage points | ||||
|---|---|---|---|---|---|---|
| Window | GXRP | XRPR | GXRP | XRPR | GXRP | XRPR |
| 1 month | +7.2% | +7.4% | +7.9% | +7.9% | −0.8 pts | −0.5 pts |
| 3 months | +40.3% | +39.7% | +41.6% | +41.6% | −1.3 pts | −1.9 pts |
| 6 months | +10.1% | +9.6% | +10.5% | +10.5% | −0.4 pts | −0.9 pts |
| 1 year | not published | −48.6% | not published | −47.7% | not published | −0.9 pts |
| Since each listed GXRP Nov 2025 · XRPR Sep 2025 | −34.1% | −52.8% | −33.1% | −51.6% | −1.0 pts | −2.5% of its growth |
GXRP and XRPR 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 XRPR 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.
XRPR in plain words
XRPR 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 year to Sep 30, 2026, XRP moved −47.7% and XRPR returned −48.6%. That leaves it 0.91 of a percentage point behind.
Questions people ask
- Which tracked XRP more closely, GXRP or XRPR?
- Over the days each has traded, GXRP finished 0.97 of a percentage point behind XRP and XRPR 0.91 of a percentage point behind. 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 XRPR 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 XRPR, data as of Sep 30, 2026. https://etfiq.com/compare/crypto/gxrp-vs-xrpr
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 XRPR, data as of Sep 30, 2026. https://etfiq.com/compare/crypto/gxrp-vs-xrpr Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, GXRP against XRPR, data as of Sep 30, 2026. https://etfiq.com/compare/crypto/gxrp-vs-xrpr
- APA
- ETFIQ. (Sep 30, 2026). GXRP against XRPR. Retrieved from https://etfiq.com/compare/crypto/gxrp-vs-xrpr
- Markdown
- [GXRP against XRPR (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/crypto/gxrp-vs-xrpr)