TOXR vs XRP: which tracked its coin?
Over the window both share, TOXR finished 0.38 of a percentage point behind XRP and XRP 0.43 behind. 21Shares XRP ETF and Bitwise XRP ETF.
TOXR since launch: fund −26.73%, XRP −26.80%, 0.07 pts ahead of XRP.
XRP since launch: fund −25.96%, XRP −25.45%, 0.51 pts behind 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
TOXR and XRP 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, TOXR finished 0.07 of a percentage point ahead of XRP and XRP 0.51 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.
Performance, window by window
| Total return | The coin over the same days | Difference, percentage points | ||||
|---|---|---|---|---|---|---|
| Window | TOXR | XRP | TOXR | XRP | TOXR | XRP |
| 1 month | +7.0% | +7.1% | +7.9% | +7.9% | −0.9 pts | −0.9 pts |
| 3 months | +40.5% | +40.5% | +41.6% | +41.6% | −1.1 pts | −1.1 pts |
| 6 months | +10.1% | +10.1% | +10.5% | +10.5% | −0.4 pts | −0.4 pts |
| Since each listed TOXR Dec 2025 · XRP Nov 2025 | −26.7% | −26.0% | −26.8% | −25.4% | +0.1 pts | −0.5 pts |
TOXR and XRP over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
TOXR and XRP on the same fields, as of Sep 30, 2026. Source: ETFIQ.
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. 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. TOXR charges 0.30% 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.
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 30, 2026, XRP moved −25.4% and XRP returned −26.0%. That leaves it 0.51 of a percentage point behind. XRP charges 0.34% a year and finished 0.5% 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, TOXR or XRP?
- Over the days each has traded, TOXR finished 0.07 of a percentage point ahead of XRP and XRP 0.51 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 TOXR or XRP 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 TOXR and XRP?
- Both hold XRP through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. TOXR is sponsored by 21Shares and listed Dec 11, 2025; XRP by Bitwise, listed Nov 20, 2025.
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, TOXR against XRP, data as of Sep 30, 2026. https://etfiq.com/compare/crypto/toxr-vs-xrp
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, TOXR against XRP, data as of Sep 30, 2026. https://etfiq.com/compare/crypto/toxr-vs-xrp Free to use with attribution; the underlying files are at Open data.
Other forms
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- ETFIQ, TOXR against XRP, data as of Sep 30, 2026. https://etfiq.com/compare/crypto/toxr-vs-xrp
- APA
- ETFIQ. (Sep 30, 2026). TOXR against XRP. Retrieved from https://etfiq.com/compare/crypto/toxr-vs-xrp
- Markdown
- [TOXR against XRP (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/crypto/toxr-vs-xrp)