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Best XRP ETFs in 2026: Complete Guide to All 7 U.S. Spot & Futures Funds

Updated September 8, 2026 — fees, AUM, and fund lineup fully refreshed. See the update log below.

Institutional access to XRP changed permanently over the last year. What began as a single, unusually structured launch in September 2025 has grown into a field of six SEC-registered spot XRP ETFs plus a handful of leveraged, futures, and income-generating products — all fighting over a combined asset base that now sits north of $1.5 billion. This guide ranks every U.S.-listed XRP ETF by fee, size, and liquidity, explains the regulatory mechanics that made the whole category possible, and walks through the one event on the calendar — a September 15 Senate vote — that could reshape institutional demand for the rest of 2026.

Quick Answer

Six SEC-registered spot XRP ETFs trade in the U.S. as of September 2026, holding roughly $1.5–$1.6 billion combined. Bitwise's XRP ETF (ticker: XRP) is the current AUM and liquidity leader at approximately $507 million, having overtaken Canary Capital's XRPC earlier in 2026. Franklin Templeton's XRPZ carries the lowest fee at 0.19%. A seventh product, REX-Osprey's XRPR, was technically the first XRP ETF to launch (September 18, 2025) but uses a different legal structure than the five "true" spot commodity trusts that followed it. XRP itself trades near $1.40 this week, up sharply from a mid-August low near $1.00, with the next major catalyst being the Senate's September 15 cloture vote on the CLARITY Act.

What Changed Since Our Last Update (June 2026)

  • 21Shares' U.S. spot ETF (TOXR) launched December 11, 2025 and is now folded into the main comparison — it was previously listed only as a higher-fee European ETP.
  • Bitwise's XRP ETF overtook Canary Capital's XRPC as the largest fund by AUM, crossing $500 million on August 31, 2026.
  • Combined spot ETF AUM has grown from roughly $1.3 billion (January 2026) to approximately $1.5–$1.6 billion.
  • XRP has round-tripped from over $2.30 in January, down to under $1.00 in mid-August, and back to roughly $1.40 today.
  • The regulatory story has shifted from "will spot ETFs get approved" to "will the CLARITY Act pass" — the Senate holds a cloture vote on September 15, 2026.

Best XRP ETFs in 2026

1. XRP ETF Market at a Glance

The XRP ETF category exists because of two events that happened three weeks apart in 2025. On August 7, 2025, Ripple and the SEC resolved years of litigation, confirming that secondary-market sales of XRP are not securities transactions. On September 17, 2025, the SEC approved generic listing standards for commodity-based trust shares — a rule change that let exchanges list qualifying spot crypto ETPs without a case-by-case 19b-4 review, cutting what had been a process of up to 240 days down to roughly 75. Together, those two decisions cleared the runway for six different issuers to bring spot XRP products to market inside of about three months.

As of the week of September 7, 2026:

  • Combined spot ETF AUM: approximately $1.5–$1.6 billion across six funds
  • XRP held in ETF custody: roughly 1.1 billion XRP (about 1.1% of circulating supply)
  • Largest fund: Bitwise's XRP ETF (ticker: XRP), ~$507 million
  • Lowest fee: Franklin Templeton's XRPZ at 0.19%
  • XRP price: ~$1.40, up roughly 38% over the trailing month
  • Cumulative net inflows since launch: north of $1.6 billion, per fund-flow trackers, though daily flows remain choppy and retail-driven

August 2026 was the strongest month for net inflows so far this year at roughly $150 million, with more than $110 million of that arriving in the final week alone as XRP's price recovered off its lows. Retail investors have driven the bulk of that demand — one flow analysis put retail participation at around 84% of recent inflows, with institutional allocators largely waiting on the regulatory outcome described in Section 6 before committing larger positions.

2. The 6 U.S. Spot XRP ETFs, Ranked

All six funds below hold XRP directly (either outright or through a wholly owned subsidiary) and are designed to track XRP's spot price net of fees. Figures are a snapshot as of early September 2026 — AUM in particular moves daily with both flows and XRP's price, so treat these as directional rather than exact.

Ticker Issuer Exchange Launch Date Expense Ratio AUM (~Sept 2026)
XRP Bitwise NYSE Arca Nov 20, 2025 0.34% ~$507M
XRPZ Franklin Templeton Cboe BZX Nov 24, 2025 0.19% ~$384M
XRPC Canary Capital Nasdaq Nov 13, 2025 0.50% ~$348M
TOXR 21Shares Cboe BZX Dec 11, 2025 0.30% ~$155M
GXRP Grayscale NYSE Arca Nov 24, 2025 0.35% ~$89M
XRPR REX-Osprey Cboe BZX Sep 18, 2025 0.75% ~$57M

Sources: NerdWallet fee data (Sept 4, 2026); xrp-insights.com live tracker (Sept 7, 2026); Grayscale issuer site (Sept 4, 2026); Crowdfund Insider. Always confirm current AUM and fees on the issuer's own site or a live tracker before trading — these numbers shift daily.

Best XRP ETF by category:

  • Lowest fee: Franklin Templeton XRPZ (0.19%)
  • Largest fund / most liquid: Bitwise XRP
  • Historical first-mover: REX-Osprey XRPR (launched two months before any of the others, but under a different fund structure — see below)
  • Newest entrant with a competitive fee: 21Shares TOXR (0.30%)

3. Fund-by-Fund Breakdown

Bitwise XRP ETF (XRP) — Largest by AUM

Bitwise's fund carries the rare single-letter ticker "XRP" and has become the category leader, crossing $500 million in assets on August 31, 2026 — about nine months after its November 20, 2025 launch. It holds XRP in custody with Coinbase and currently reports roughly 362 million XRP under management. Its 0.34% expense ratio sits in the middle of the pack, but its combination of brand recognition, daily trading volume, and tight spreads has made it the default liquidity venue for XRP ETF trading.

Franklin Templeton XRP ETF (XRPZ) — Lowest Fee

Backed by a manager overseeing well over a trillion dollars in group assets, XRPZ launched November 24, 2025 with the lowest published expense ratio in the category at 0.19%. It is the second-largest fund by AUM (~$384 million) and is generally the pick for long-term holders who care most about minimizing annual cost drag.

Canary Capital XRP ETF (XRPC) — Former AUM Leader

Canary Capital held the AUM crown for most of the category's first year, having posted a record debut in November 2025. Bitwise's fund has since overtaken it, but XRPC remains the third-largest spot product at roughly $348 million, with a 0.50% expense ratio — the highest among the five "true" spot commodity trusts (XRPR aside).

21Shares XRP ETF (TOXR) — Newest Major Entrant

21Shares, one of the largest crypto ETP issuers globally, launched its U.S. spot XRP ETF on December 11, 2025 with a 0.30% total expense ratio and Anchorage Digital as custodian. Roughly a year into its life it holds about $155 million in assets, making it the fourth-largest of the six spot products.

Grayscale XRP Trust ETF (GXRP)

Grayscale converted its pre-existing OTC XRP Trust into an exchange-traded product on November 24, 2025. Despite that legacy pipeline, GXRP remains the smallest of the five true spot trusts at roughly $89 million in AUM and a 0.35% sponsor fee. Grayscale's own reporting shows the fund's NAV per share up more than 30% over the trailing month, tracking XRP's broader rebound.

REX-Osprey XRP ETF (XRPR) — The Historic First Mover

XRPR deserves its own explanation because it is often mislabeled. It began trading on September 18, 2025 — about two months before any of the five funds above — making it the first XRP ETF listed in the United States. But it isn't structured the same way: XRPR is registered under the Investment Company Act of 1940 rather than as a commodity trust, holds XRP through a Cayman Islands subsidiary alongside cash, Treasuries, and other XRP-linked ETFs, and carries the highest fee in the category at 0.75%. It's a legitimate, regulated way to get XRP exposure and holds real historical significance, but investors comparing "pure" spot exposure and cost should weigh it against the five commodity-trust structures above rather than treating all six as interchangeable.

A Seventh Option: Bitwise 10 Crypto Index Fund (BITW)

For investors who want XRP exposure as part of a diversified basket rather than a standalone bet, Bitwise's multi-asset index fund carries roughly a 4.2% XRP weighting alongside Bitcoin, Ethereum, and other large-cap tokens. Its expense ratio (around 2.5%) is far higher than any single-asset spot XRP ETF, so it's a poor substitute for direct exposure — but a reasonable option for investors who want crypto-market breadth with XRP as one component.

4. Leveraged, Futures & Income XRP ETFs

Before spot approval, traders used futures-based products for XRP exposure, and several of those funds — along with newer leveraged and income variants — are still trading actively today. These are generally tools for short-term, tactical positioning rather than long-term holding, given tracking error, contract-roll costs, and (for the leveraged funds) daily compounding risk.

Ticker Fund Structure Fee (approx.)
XXRP Teucrium 2x Long Daily XRP ETF 2x leveraged, futures ~0.95%
XRPT Volatility Shares 2X XRP ETF 2x leveraged, futures ~0.95%
UXRP ProShares Ultra XRP ETF 2x leveraged, futures ~0.95%
XRPI Volatility Shares XRP ETF 1x, futures-based ~0.95%
XRPM Amplify XRP 3% Monthly Premium Income ETF Covered-call income strategy ~0.55%

These products are useful for expressing a short-term directional or income view, but the leveraged funds in particular are designed to deliver their stated multiple on a daily basis — over weeks or months, compounding can cause returns to diverge meaningfully from "2x XRP," especially in choppy, range-bound markets like the one XRP has been in for most of 2026.

5. International XRP ETFs (Canada & Europe)

Canada

Canadian investors had access to XRP ETFs before the U.S. market opened up. Three products launched on the Toronto Stock Exchange in June 2025:

  • 3iQ XRP ETF (XRPQ / XRPQ.U) — launched June 17, 2025 with Ripple as an early investor and a temporary 0% management fee; held roughly C$90 million in assets as of early 2026, making it Canada's largest XRP-focused fund.
  • Purpose XRP ETF (XRPP / XRPP.B / XRPP.U) — launched June 18, 2025 with a fee waiver that ran into 2026; held roughly C$55 million in assets as of early 2026.
  • Evolve XRP ETF — a third TSX-listed option that launched alongside the two funds above.

All three are eligible for registered accounts (TFSAs, RRSPs) and hold XRP directly in cold storage. Fee waivers on these funds have generally expired or are expiring through 2026, so check the current prospectus before assuming a 0% fee.

Europe

European investors access XRP primarily through exchange-traded products (ETPs) rather than the '40 Act-style ETF structures used in the U.S. and Canada, from issuers including 21Shares and CoinShares. These products have historically carried higher expense ratios than their new U.S. counterparts — often in the 1.5%–2.5% range — reflecting a market that was first to offer crypto ETPs but hasn't seen the same fee competition the U.S. launch wave triggered. If you're investing from Europe, compare the current TER on your exchange's fact sheet directly, since this segment has moved less than the U.S. market over the past year.

6. The September 15 CLARITY Act Vote — Why It Matters

The single biggest near-term catalyst for XRP ETF flows isn't a fund launch — it's a piece of legislation. The Digital Asset Market Clarity Act (H.R. 3633) would establish a statutory framework dividing digital-asset oversight between the SEC (securities) and the CFTC (commodities), replacing years of "regulation by enforcement" with defined rules for exchanges, custodians, and token issuers.

Here's where the bill stands:

  • The House passed it 294–134 in July 2025, with meaningful bipartisan support.
  • The Senate Banking Committee advanced it 15–9 in May 2026.
  • The Senate departed for its August recess without taking it up, pushing the next step to September 15, 2026 at 2:15 p.m. ET — a cloture vote on the motion to proceed.
  • That vote needs 60 votes to succeed. Republicans hold 53 seats, so at least seven Democrats would need to cross over.
  • Sticking points include whether state attorneys general or the Justice Department should have secondary enforcement authority over a proposed ban on officials operating crypto businesses, along with disagreements over DeFi's scope and stablecoin-yield provisions.

Importantly, the September 15 vote is procedural — it decides whether the Senate can begin formal debate, not whether the bill becomes law. Even a successful cloture vote would still require floor debate, a final Senate vote, and reconciliation with the House version before reaching the president's desk. But analysts and flow trackers treat it as a meaningful signal: several note that institutional capital appears to be sitting on the sidelines pending regulatory clarity, with one estimate putting retail participation at roughly 84% of recent XRP ETF inflows. A successful cloture vote wouldn't guarantee an institutional flood, but a failed vote would likely reinforce the current retail-dominated, regulation-by-enforcement status quo for the rest of 2026.

7. XRP Price: Where Things Stand

As of September 7–8, 2026, XRP trades around $1.40–$1.42, up roughly 38% over the trailing month after bottoming near $0.99–$1.02 in mid-August. That puts price comfortably above its 20-day, 50-day, and 200-day exponential moving averages — a technically bullish structure, though momentum indicators have cooled (RSI in the high-50s, MACD histogram flattening near zero), suggesting the sharp August rally is digesting rather than extending in a straight line.

Scenario September Range What Would Drive It
Base case $1.35–$1.60 XRP holds long-term support and grinds toward $1.45–$1.55
Bullish case $1.70–$1.84 A clean break above $1.55, then the August high near $1.70, aided by a positive CLARITY Act vote or stronger ETF inflows
Bearish case $1.25–$1.35 Loss of $1.35 support amid broader crypto weakness or a failed cloture vote

Key technical levels worth watching: resistance sits at $1.45, then $1.50–$1.55, then the August high near $1.70; support sits at $1.35, then the rising 20-day EMA near $1.30–$1.32, then $1.23. XRP's all-time high remains $3.84, set in January 2018 — a level current price action is nowhere near threatening, despite the recent rebound. As always with a fast-moving, headline-driven asset, treat any specific price target as a scenario to monitor rather than a forecast to rely on.

8. Spot vs. Futures ETFs: What to Know

Feature Spot XRP ETFs Futures XRP ETFs
Holds actual XRP? Yes, directly No — holds futures contracts
Tracking accuracy Tight to spot price Can diverge via contango/backwardation
Rolling costs None Yes — contracts roll monthly
Best suited for Long-term holders Tactical or leveraged trading

9. Risks to Consider

  • Cryptocurrency volatility — XRP moved from over $2.30 to under $1.00 and back above $1.40 within eight months of 2026 alone.
  • Regulatory uncertainty — the CLARITY Act's fate is genuinely unresolved, and a failed cloture vote could weigh on institutional sentiment.
  • Liquidity risk — smaller funds (GXRP, XRPR) have thinner daily volume and potentially wider spreads than the top three funds.
  • Custody and counterparty risk — even physically backed funds rely on third-party custodians (Coinbase, BitGo, Anchorage Digital).
  • Fee drag — a 0.75% expense ratio (XRPR) versus 0.19% (XRPZ) compounds meaningfully over a multi-year holding period.
  • Opportunity cost vs. direct ownership — ETFs add convenience and brokerage-account access, but at the cost of an ongoing management fee that direct self-custody doesn't carry.

ETFs simplify access to XRP, but they don't remove exposure to the underlying asset's price swings. An ETF offers low-tracking-cost exposure to spot XRP, removing personal storage, crypto scam and cold-wallet custody concerns for standard investors.

This is not financial advice — always do your own research and consider your own risk tolerance and time horizon.

Frequently Asked Questions

What is the best XRP ETF to buy in 2026?

It depends on your priority. Franklin Templeton's XRPZ has the lowest fee (0.19%). Bitwise's XRP ETF has the largest AUM and highest liquidity. Canary Capital's XRPC remains a close third by size. There is no single "best" fund for every investor — compare fee, size, and liquidity against your own goals.

How many XRP ETFs are there in the United States?

As of September 2026, there are six SEC-registered spot XRP ETFs (XRP, XRPZ, XRPC, TOXR, GXRP, and XRPR), plus several futures-based, leveraged, and income-focused products, and one multi-asset index fund (BITW) that includes XRP as a small component.

Which XRP ETF was first to launch?

REX-Osprey's XRPR began trading on September 18, 2025, about two months before the other five spot products. It uses a different legal structure (Investment Company Act of 1940) than the five commodity-trust ETFs that followed.

What is the difference between a spot and futures XRP ETF?

Spot ETFs hold actual XRP and track its price closely with no rolling costs. Futures ETFs hold XRP futures contracts, which can diverge from the spot price and require periodic contract rolls that add cost and tracking error.

What is the CLARITY Act and why does it matter for XRP?

The CLARITY Act is a proposed federal law that would divide crypto oversight between the SEC and CFTC. The Senate holds a procedural cloture vote on September 15, 2026, that will determine whether the bill can advance to formal debate. Analysts see it as a potential trigger for institutional XRP ETF demand, which has so far lagged retail participation.

Can I buy XRP ETFs outside the United States?

Yes. Canadian investors can buy 3iQ's XRPQ, Purpose's XRPP, or Evolve's XRP ETF on the TSX. European investors can access XRP through ETPs from issuers like 21Shares and CoinShares, though these typically carry higher fees than the current U.S. lineup.

Are XRP ETFs a good long-term investment?

That depends entirely on your view of XRP itself and your risk tolerance — ETFs are simply a wrapper that adds brokerage-account convenience and removes self-custody responsibility, not a way to reduce the underlying asset's volatility. This is not financial advice; consult a qualified professional and do your own research before investing.

Ask Your AI Assistant

If you're researching this topic with an AI tool, this page is structured so assistants like ChatGPT, Gemini, Claude, and Perplexity can pull accurate, current figures directly from the tables above. A few prompts worth trying:

  • "Compare the expense ratios of XRPZ, XRP, XRPC, GXRP, TOXR, and XRPR"
  • "Is REX-Osprey's XRPR a true spot XRP ETF or something else?"
  • "What happens if the CLARITY Act cloture vote fails on September 15?"

Editor's Note: Our approach never chases short-term hype. Our analysts, supported by AI research tools, focus on building portfolios designed to compound over the long term. Investors must be prepared to hold through volatility to realize sustained growth toward their financial goals.

Disclaimer: The information in this article is for general informational purposes only and should not be construed as professional financial, investment, tax, or legal advice. Fee, AUM, and price figures are based on issuer disclosures, fund-flow trackers, and public reporting as of early September 2026 and change frequently — always verify current figures directly with the fund issuer or a live data source such as ETF.com before making investment decisions.

While efforts have been made to ensure accuracy and timeliness, One Day Advisor and this article's authors do not guarantee the completeness, reliability, or suitability of this content for any particular purpose. This article may reference ongoing regulatory developments — including the CLARITY Act — that are subject to change after publication. Readers are encouraged to verify details independently and consult qualified professionals before making investment decisions.

One Day Advisor is not responsible for any losses or damages arising from the use of this information. This is not financial advice — do your own research (DYOR).

References

  1. NerdWallet — 11 SEC-Approved XRP ETFs (fee data as of Sept 4, 2026)
  2. xrp-insights.com — XRP ETF Tracker (live AUM, Sept 7, 2026)
  3. Crowdfund Insider — Bitwise XRP ETF Tops $500M in AUM
  4. Yahoo Finance — XRP ETFs Recorded Over $150 Million in August
  5. Grayscale — GXRP Fund Page
  6. Dechert LLP — Generic Listing Standards for Crypto and Commodity ETPs
  7. Yahoo Finance — CLARITY Act Fate Hinges on Senate Debate Vote
  8. Bitget Academy — CLARITY Act Vote September 15, 2026: Complete Guide
  9. Coinbase — XRP Price
  10. Cryptonomist — Ripple Price Today Analysis: September 2026
  11. The Block — REX-Osprey Launches First-of-Its-Kind Spot XRP ETF
  12. Investment Executive — Product Roundup: A Slew of XRP ETFs Launch

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