Regulatory clarity around XRP has enabled multiple SEC-approved ETFs, giving investors regulated exposure without direct custody risks.
The XRPC Canary ETF is acting as an early demand signal, while Bitwise and Franklin ETFs lead in liquidity and daily inflows.
Trust conversions and spot ETF structures are steadily reducing circulating XRP supply and increasing institutional participation.
As the crypto market matures and regulatory clarity improves, spot XRP exchange-traded funds (ETFs) have emerged as one of the most compelling institutional plays. Following the US Securities and Exchange Commission’s (SEC) resolution of long-standing legal uncertainty around XRP in 2025, several major asset managers launched XRP-linked ETFs.
These products offer investors regulated exposure to XRP without the complexities of direct ownership, marking a pivotal shift for the asset’s adoption.
Here are some of the top SEC-approved XRP ETFs that investors can explore in 2026
The XRPC, listed on NASDAQ, operates as a Canary ETF; it is designed to gauge institutional and market demand ahead of deeper spot ETF expansion. While the fund has shown minimal daily price movement, it has already accumulated approximately $408.84 million in total assets, with net assets of $273.44 million.
Recent data shows XRPC recorded $2.93 million in daily inflows and 2.02 million shares traded, indicating steady early participation rather than speculative churn.
Canary ETFs often serve as precursors to more liquid spot products, making XRPC a key signal of future institutional scaling.
The XRP, listed on the NYSE and managed by Bitwise, has emerged as the most actively traded XRP ETF. The fund recorded $8.29 million in daily inflows, with 5.71 million shares traded, while total assets stand at $357.89 million and net assets at $263.55 million.
Although the ETF declined 0.11% on the day, trading activity remains robust, suggesting institutional allocators are using Bitwise’s product as their primary vehicle for XRP exposure due to liquidity depth and tight spreads.
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The XRPZ, offered by Franklin Templeton and listed on the NYSE, continues to attract steady capital flows. The fund saw $3.94 million in daily inflows and 2.72 million shares traded, bringing total assets to $322.91 million and net assets to $233.39 million.
Despite a 0.38% daily price decline, XRPZ’s consistent accumulation pattern suggests longer-term positioning rather than short-term trading, aligning with Franklin Templeton’s institutional client base.
The TOXR, listed on CBOE and managed by 21Shares, remains in an early adoption phase. The fund currently shows total assets of $70.22 thousand, with net assets of $178.46 million, but recorded no daily inflows or trading volume in the latest session.
This limited activity reflects TOXR’s role as a niche or preparatory vehicle, often used by specialized mandates awaiting deeper market liquidity rather than by high-frequency traders.
The GXRP, listed on the NYSE and managed by Grayscale, represents the conversion of legacy trust exposure into an ETF structure. The fund holds $137.36 million in total assets with net assets of $86.22 million, while registering a modest 0.02% price increase.
GXRP shows minimal daily trading activity, indicating that holders are primarily long-term investors rather than active traders, benefiting from improved transparency and the elimination of trust-based discounts.
Also Read: XRP News Today: XRP Price Falls 30% in a Week Despite Positive ETF Inflows
Volatility: XRP remains a highly volatile asset, and ETF price performance can reflect that risk, especially in leveraged funds like UXRP.
Regulatory Changes: Future regulatory shifts could affect XRP or ETF structures, so ongoing monitoring is essential.
Liquidity and Fees: ETF spreads and management fees can impact returns, particularly in less liquid or leveraged products.
1. What is the XRPC Canary ETF?
XRPC is a demand-testing ETF listed on NASDAQ that gauges institutional appetite for XRP before deeper spot ETF expansion.
2. Which XRP ETF has the highest trading activity?
The Bitwise XRP ETF currently leads in daily inflows and trading volume, making it the most liquid XRP ETF.
3. Why are Franklin and Grayscale XRP ETFs important?
They attract long-term institutional capital and provide stable exposure through trusted asset management platforms.
4. Are XRP ETFs suitable for long-term investors?
Spot XRP ETFs are suitable for long-term exposure, while leveraged products carry higher risk and are better for short-term strategies.
5. What risks should investors consider with XRP ETFs?
Key risks include XRP price volatility, potential regulatory changes, and the impact of ETF fees and liquidity conditions.