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XRPC is a physically backed XRP exchange-traded product designed to track the price of XRP versus the U.S. dollar, minus the fund’s 0.50% annual fee and operating costs. It holds XRP in custody (Gemini and BitGo) and calculates daily NAV using a CoinDesk Indices benchmark built from executed trades across major XRP venues, using a 60-minute time-weighted methodology around 4:00 pm ET.
This fund is basically a wrapper that holds XRP for you and sells shares that trade on Nasdaq. You don’t own a company—you own exposure to XRP’s price movements in your brokerage account.
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Concentrated single-asset exposure. Higher volatility.