Is GXRP or TOXR cheaper?

GXRP, at 0.35% a year versus 0.50% for TOXR.

Which is bigger, GXRP or TOXR?

TOXR, with about $160M in net assets against $97M for GXRP.

Do GXRP and TOXR move together?

Yes. Both hold XRP, so their daily returns are nearly identical before fees. The lasting differences are the expense ratio, fund size and how tightly each trades to its net asset value.

Compare · XRP spot ETFs

GXRP vs TOXR

Grayscale XRP Trust ETF against 21Shares XRP ETF

GXRP is cheaper: 0.35% vs 0.50% a year, or $1.50 less per $1,000 held.
TOXR is 1.6x the size of GXRP by net assets.

	GXRP	TOXR
Issuer	Grayscale	21Shares
Expense ratio	0.35%	0.50%
Net assets (USD)	97M	160M
YTD return	−18.75%	−18.13%
Net flow, last 5 days	$0.0M	$0.0M
Pre-market estimate: median miss	0.19%	1.31%

Verdict: GXRP or TOXR?

GXRP costs less each year; TOXR is the larger, more liquid fund. Long-term holders usually weight the fee, active traders the liquidity.

Fees: what the expense ratio costs you

GXRP charges 0.35% and TOXR charges 0.50% a year. On a $10,000 position that is $35 versus $50 per year, taken out of the fund's assets daily rather than billed to you. Over five years the gap compounds to roughly $75 per $10,000 in GXRP's favour, before any return.

Size and liquidity

TOXR holds about $160M against $97M for GXRP. A larger fund usually means tighter bid-ask spreads and more options volume, which matters if you trade around the open rather than hold for years. The five-day flow row shows which fund investors are adding to right now; see the full daily table on the flows page.

Pre-market estimate accuracy

Pre-Tick's pre-market estimate has landed closer to the official open for GXRP (median miss 0.19%) than for TOXR (1.31%). Both are re-priced every minute from live XRP on the GXRP and TOXR pages, with the method on the accuracy page.

FAQ

Is GXRP or TOXR cheaper?: GXRP, at 0.35% a year versus 0.50% for TOXR.
Which is bigger, GXRP or TOXR?: TOXR, with about $160M in net assets against $97M for GXRP.
Do GXRP and TOXR move together?: Yes. Both hold XRP, so their daily returns are nearly identical before fees. The lasting differences are the expense ratio, fund size and how tightly each trades to its net asset value.

Both funds hold XRP, so their daily moves are nearly identical; the lasting differences are fees, size and liquidity. Estimate miss is how far Pre-Tick's pre-market estimate landed from the official 9:30 AM ET open (see accuracy). Flows are US spot ETF net flows from SoSoValue. Not investment advice.