XRP ETF Guide: Spot ETFs, How They Work & How to Trade XRP Directly
Spot XRP ETFs are live in the US. Here is what they are, how they compare to direct trading, and why the XRPL DEX still offers more.
What Is an XRP ETF?
A spot XRP ETF is an exchange-traded fund that holds actual XRP tokens. When you buy shares of the ETF through a brokerage, the fund purchases and custodies real XRP on your behalf. You get exposure to the XRP price without managing wallets or private keys.
Spot XRP ETFs from Bitwise, Canary, Franklin Templeton, Grayscale, 21shares and REX-Osprey trade on US exchanges. Amplify’s XRPM is different: it uses weekly call options on XRP to pay out income.
Approved XRP ETFs
| Name | Ticker | Exchange | Issuer | Fee |
|---|---|---|---|---|
| Bitwise XRP ETF | XRP | NYSE Arca | Bitwise | 0.34% |
| Canary XRP ETF | XRPC | Nasdaq | Canary Capital | 0.50% |
| Franklin XRP ETF | XRPZ | NYSE Arca | Franklin Templeton | 0.19% |
| Grayscale XRP Trust ETF | GXRP | NYSE Arca | Grayscale | 0.35% |
| 21shares XRP ETF | TOXR | Cboe BZX | 21shares | 0.30% |
| REX-Osprey XRP ETF | XRPR | Cboe BZX | REX / Osprey | 0.75% |
| Amplify XRP 3% Monthly Option Income ETF | XRPM | Cboe BZX | Amplify | 0.75% |
Franklin Templeton XRP ETF (XRPZ)
Franklin Templeton’s spot XRP fund is the Franklin XRP ETF, ticker XRPZ, listed on NYSE Arca since 24 November 2025. It holds real XRP, kept by Coinbase Custody Trust Company, and charges a sponsor fee of 0.19% a year (Franklin’s factsheet, 30 September 2026).
You buy and sell its shares through a brokerage account during US market hours. The shares follow the XRP price, but they are not XRP: you cannot send them to a wallet or use them on the XRP Ledger.
ETF vs Direct XRP Trading
ETFs offer convenience, but trading directly on the XRPL DEX gives you full control and access to the entire ecosystem.
| Metric | XRP ETF | XRPL DEX |
|---|---|---|
| Custody | Broker holds on your behalf | You hold your own keys |
| Trading hours | Market hours (Mon-Fri) | 24/7, 365 days |
| Fees | 0.19%-0.75% a year (fund fee) | About 0.000012 XRP a transaction |
| Token access | XRP only | 20,468 tokens |
| Yield | None | AMM pool fees |
| Settlement | T+1 (next business day) | 3-5 seconds |
Why Trade Directly on the XRPL DEX?
- Self-custody - you control your private keys, with no custodian between you and your XRP
- Access to all tokens - trade 20,468 tokens on the XRP Ledger, not just XRP
- Swap into stablecoins - convert to RLUSD or other stablecoins instantly
- Earn yield - provide liquidity in AMM pools and earn trading fees
- 24/7 trading - no market hours, no holidays, no waiting for settlement
- Near-zero fees - transactions cost a fraction of a cent on the XRPL
ETFs are a solid option for retirement accounts, IRAs, and traditional portfolios where direct crypto custody is not practical. But for active trading and full access to the XRPL ecosystem, direct trading is the better path.
Start Trading XRP
Skip the fund fee and trade XRP directly on the XRP Ledger’s own exchange.