{"url":"https://etfiq.com/questions/do-crypto-etfs-track-the-coin","section":"questions","title":"Do crypto ETFs actually track the coin? | ETFIQ","description":"Of the 45 spot crypto ETFs ETFIQ can measure on Oct 28, 2026, 36 finished within a point of the coin they hold over their longest window.","as_of":"Oct 28, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Do crypto ETFs actually track the coin?","acceptedAnswer":{"@type":"Answer","text":"Mostly, and the gap is small. Of the 45 spot crypto ETFs ETFIQ can measure on Oct 28, 2026, 36 finished within a point of the coin they hold over their longest window. The difference carries the fee, the custody cost and whatever the market paid for the shares rather than for the coin, all together."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Questions","item":"https://etfiq.com/questions/"},{"@type":"ListItem","position":3,"name":"Do crypto ETFs actually track the coin?","item":"https://etfiq.com/questions/do-crypto-etfs-track-the-coin"}]},{"@type":"WebPage","name":"Do crypto ETFs actually track the coin?","description":"Of the 45 spot crypto ETFs ETFIQ can measure on Oct 28, 2026, 36 finished within a point of the coin they hold over their longest window.","url":"https://etfiq.com/questions/do-crypto-etfs-track-the-coin","dateModified":"2026-10-28","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":3291,"truncated":false,"content":"ETFIQ / Questions / Do crypto ETFs actually track the coin? \n \n Answered from ETFIQ data as of Oct 28, 2026 .\n Do crypto ETFs actually track the coin?\n Mostly, and the gap is small. Of the 45 spot crypto ETFs ETFIQ can measure on Oct 28, 2026, 36 finished within a point of the coin they hold over their longest window. The difference carries the fee, the custody cost and whatever the market paid for the shares rather than for the coin, all together.\n A spot crypto ETF holds the coin through a custodian and trades like a share, so a holder gets the coin\u2019s return inside a brokerage account instead of a wallet. What that convenience costs shows up in one number: the fund\u2019s total return minus the coin\u2019s over the same days.\n It is not only the fee. Shares are created and redeemed in blocks, the custodian charges, and the shares trade at whatever the market pays, not at what the coin is worth that second. All of it lands in the same difference. That is why ETFIQ measures the difference instead of reading the fee off a prospectus.\n Two things can make a number here misleading, and both are marked on the page. A fund whose price sits unchanged on more than one trading day in twenty is quoted rather than traded, and its difference reflects only the days someone did trade. 2 are in that state. And over a long window two returns cannot simply be subtracted, because compounding dominates the subtraction, not tracking.\n On ETFIQ today\n Ticker Fund Holds The fund The coin Difference \n GBTC Grayscale Bitcoin Trust ETF Bitcoin \u221229.3% \u221228.3% \u22121.0 pts \n XRPZ Franklin XRP Trust XRP \u221241.2% \u221240.5% \u22120.7 pts \n DOJE REX-Osprey DOGE ETF Dogecoin \u221259.8% \u221259.2% \u22120.6 pts \n ETHE Grayscale Ethereum Staking ETF Ether \u221241.9% \u221241.3% \u22120.6 pts \n LTCC Canary Litecoin ETF Litecoin \u221240.0% \u221239.5% \u22120.5 pts \n XRPC Canary XRP ETF XRP \u221242.4% \u221241.9% \u22120.5 pts \n GXRP Grayscale XRP Trust ETF XRP \u221241.0% \u221240.5% \u22120.5 pts \n TDOG 21Shares Dogecoin ETF Dogecoin \u221235.7% \u221235.3% \u22120.4 pts \n XRPR REX-Osprey XRP ETF XRP \u221249.9% \u221249.5% \u22120.4 pts \n TOXR 21Shares XRP ETF XRP \u221234.4% \u221234.1% \u22120.3 pts \n HBR Canary HBAR ETF Hedera \u221261.9% \u221261.6% \u22120.3 pts \n XRP Bitwise XRP ETF XRP \u221233.6% \u221233.3% \u22120.3 pts \n \n Where to next\n Every spot crypto ETF The crypto ETFs closest to their coin Sources\n SEC EDGAR, full-text search of fund filings SEC Form N-PORT, what a fund filed it holds Rule 19a-1, what a distribution notice must say Links are sources, not endorsements.\n ETFIQ is an independent publisher and makes no recommendations. Standards and sources \n Cite this page. ETFIQ, Do crypto ETFs actually track the coin?, data as of Oct 28, 2026. https://etfiq.com/questions/do-crypto-etfs-track-the-coin Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, Do crypto ETFs actually track the coin?, data as of Oct 28, 2026. https://etfiq.com/questions/do-crypto-etfs-track-the-coin APA ETFIQ. (Oct 28, 2026). Do crypto ETFs actually track the coin?. Retrieved from https://etfiq.com/questions/do-crypto-etfs-track-the-coin Markdown [Do crypto ETFs actually track the coin? (ETFIQ, Oct 28, 2026)](https://etfiq.com/questions/do-crypto-etfs-track-the-coin)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, Do crypto ETFs actually track the coin?, data as of Oct 28, 2026. https://etfiq.com/questions/do-crypto-etfs-track-the-coin"}