XRPI Fees and Costs — Xrp ETF
Data updated: 2026-09-02
The net expense ratio is 1.68%: a 1.15% management fee plus 0.52% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 0%.
XRPI Fees and Expenses
Annual operating expenses and sales charges of XRPI. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.52% |
| Gross expense ratio | 1.68% |
| Fee waiver | — |
| Net expense ratio | 1.68% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
XRPI Costs Over Time
On $10,000 invested in XRPI, assuming 5% a year before costs, total costs come to $1,037 over 5 years, cutting the return by 1.76% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.68%) | $176 | $547 | $941 |
| Lost growth on money paid in costs | $0 | $27 | $96 |
| Total costs | $176 | $574 | $1,037 |
| Value after costs | $10,324 | $11,003 | $11,726 |
| Impact on return, per year | 1.76% | 1.76% | 1.76% |
XRPI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
XRPI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CLEAR STREET LLC | $644.5M | 51.76% |
| MAREX CAPITAL MARKETS INC. | $600.7M | 48.24% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.