Suppose you’re interested in cryptocurrency — and willing to tolerate the higher level of volatility that comes with it — but you don’t want to mess with manually buying crypto yourself. If that sounds like you, spot crypto ETFs may be worth checking out.
Back in 2024, the first spot Bitcoin ETFs and Ethereum ETFs launched, giving investors a way to get exposure to those cryptocurrencies in almost any brokerage account.
Since then, a number of other cryptocurrencies have started to be tracked by ETFs. One of the most popular, beyond Bitcoin and Ethereum, is XRP, also known as Ripple — the sixth-largest cryptocurrency by market cap.
Ripple is a crypto payments company whose founders created XRP, its native token. XRP and the blockchain it runs on, the XRP Ledger, are billed as a better way to send money across borders. While the traditional process of sending and receiving money can take days to complete, XRP international transactions can be settled in seconds — and usually for a fraction of the cost.
XRP became more widely available to U.S. consumers following the partial resolution of a lawsuit filed against the company by the U.S. Securities and Exchange Commission. A federal judge ruled in July of 2023 that Ripple's sale of XRP on crypto exchanges was not an unregistered sale of securities. And then in Aug. 2025, the SEC dropped its case against Ripple completely, paving the way for the ETFs that are now trading.
What is a spot XRP ETF?
A spot XRP ETF is an exchange-traded fund that invests directly in XRP, similar to how a spot gold ETF invests directly in gold on behalf of its shareholders. The top-ten cryptocurrency has had a rough year — it's down more than 50% since this time a year ago.
But such is the nature of crypto trading. if you look at XRP over the longer term, things don't look so bad — even after the recent selloff, it is still worth more than double what it was worth two years ago.
Before the SEC approved the first spot XRP ETFs in November 2025, the only ways to get XRP exposure were through crypto exchanges, or through certain XRP-related ETFs that attempt (often imperfectly) to track the price of the cryptocurrency by investing in derivatives such as futures. But now, a half-dozen funds allow investors to buy XRP in ETF form via any brokerage that offers ETFs.
6 spot XRP ETFs
We've listed these XRP ETFs from lowest to highest fees. A few funds are currently waiving their fees for a few months in 2026.
Fund name and symbol | Net Expense Ratio |
|---|---|
Franklin XRP ETF (XRPZ) | 0.19% |
21Shares XRP ETF (TOXR) | 0.30% |
Bitwise XRP ETF (XRP) | 0.34% |
Grayscale XRP Trust ETF (GXRP) | 0.35% |
Canary XRP ETF (XRPC) | 0.50% |
REX-Osprey XRP ETF (XRPR) | 0.75% |
Source: SEC EDGAR database and fund websites. Data is current as of September 15, 2026, and is intended for informational purposes only. | |
5 XRP strategy ETFs
In addition to the six spot XRP ETFs, there are also XRP strategy ETFs that indirectly track the price of XRP using futures contracts or other derivatives, or by rotating between XRP and its derivatives and a safe-haven investment like Treasury securities. We've listed the funds below that meet this definition, in order from lowest to highest fee.
Leveraged ETFs are marked with an asterisk, while inverse ETFs are marked with a double asterisk.
Fund name & symbol | Fee | Notes |
|---|---|---|
Amplify XRP 3% Monthly Option Income ETF (XRPM) | 0.75% | Invested in XRP ETFs. Generates income by writing call options on XRP ETFs. |
ProShares Ultra XRP ETF (UXRP)* | 1.67% | Invested in various XRP derivatives, targeting 2x the daily returns of XRP. |
XRP ETF (Volatility Shares) (XRPI) | 1.68% | Invested in XRP futures. |
Teucrium 2x Long Daily XRP ETF (XXRP)* | 2.77% | Invested in various XRP derivatives, targeting 2x the daily returns of XRP. |
2x XRP ETF (Volatility Shares) (XRPT)* | 3.13% | Invested in various XRP derivatives, targeting 2x the daily returns of XRP. |
Source: SEC EDGAR database and fund websites. Data is current as of September 15, 2026, and is intended for informational purposes only. | ||
What to know about XRP ETFs
- More XRP ETFs may launch in the future: A couple of other ETF issuers, such as CoinShares and WisdomTree, have filed paperwork with the SEC for a spot XRP ETF but have not launched them yet.
- More access but less control than actual XRP: Spot XRP ETFs allow investors who don’t have an account with a crypto exchange to profit from the price movements of the world’s fourth-largest cryptocurrency, but the tradeoff is that XRP ETFs offer investors less control over their crypto investment than owning XRP tokens themselves. You can’t send your XRP elsewhere or lend it for a return if you own it indirectly through an ETF — for those features, you’ll need to buy the cryptocurrency itself.
» MORE: Best crypto exchanges
Neither the author nor editor owned positions in the aforementioned investments at the time of publication.
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- 1.Securities and Exchange Commission. Ripple Labs, Inc., Bradley Garlinghouse, and Christian A. Larsen.
