Is XRP or XRPZ cheaper?

XRPZ, at 0.19% a year versus 0.34% for XRP.

Which is bigger, XRP or XRPZ?

XRP, with about $616M in net assets against $437M for XRPZ.

Do XRP and XRPZ 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

XRP vs XRPZ

Bitwise XRP ETF against Franklin XRP ETF

XRPZ is cheaper: 0.19% vs 0.34% a year, or $1.50 less per $1,000 held.
XRP is 1.4x the size of XRPZ by net assets.

	XRP	XRPZ
Issuer	Bitwise	Franklin Templeton
Expense ratio	0.34%	0.19%
Net assets (USD)	616M	437M
YTD return	−18.18%	−18.02%
Net flow, last 5 days	−$0.7M	+$5.6M
Pre-market estimate: median miss	0.06%	0.04%

Verdict: XRP or XRPZ?

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

Fees: what the expense ratio costs you

XRP charges 0.34% and XRPZ charges 0.19% a year. On a $10,000 position that is $34 versus $19 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 XRPZ's favour, before any return.

Size and liquidity

XRP holds about $616M against $437M for XRPZ. 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 XRPZ (median miss 0.04%) than for XRP (0.06%). Both are re-priced every minute from live XRP on the XRP and XRPZ pages, with the method on the accuracy page.

FAQ

Is XRP or XRPZ cheaper?: XRPZ, at 0.19% a year versus 0.34% for XRP.
Which is bigger, XRP or XRPZ?: XRP, with about $616M in net assets against $437M for XRPZ.
Do XRP and XRPZ 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.