Introduction
The Evolve XRP ETF (Exchange-Traded Fund) offers investors a secure and regulated way to gain exposure to XRP, one of the leading cryptocurrencies. This guide explores the fund's structure, benefits, and key considerations for potential investors.
Key Fund Metrics (As of July 2025)
| Metric | Value (XRP) | Value (XRP.U) |
|---|---|---|
| NAV | $9.78 | $9.91 |
| NAV Change | -0.86% | - |
| Market Price | $9.78 | $9.91 |
| AUM | $8.836 M | |
| XRP Token Price (USD) | $2.24 |
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Fund Overview
Investment Objective
The Evolve XRP ETF aims to:
- Track the daily price movements of XRP in USD
- Provide a secure alternative to direct XRP ownership
- Offer liquidity through traditional brokerage accounts
Structure Details
| Category | Specification |
|---|---|
| CUSIP | 299935114 (XRP), 299935106 (XRP.U) |
| Listing Exchange | Toronto Stock Exchange |
| Inception Date | June 17, 2025 |
| Management Fee | 0.75% (plus applicable sales taxes) |
| Index Tracking | CME CF XRP-Dollar Reference Rate |
Who Should Invest?
This ETF may be suitable for investors who:
- Seek XRP exposure without managing private keys
- Understand cryptocurrency volatility
- Have a long-term investment horizon
- Can tolerate potential complete loss of capital
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Performance Considerations
- The fund is newly launched (June 2025) with no full-year performance history
- Performance will correlate with XRP's market movements
- Investors should monitor holdings regularly due to crypto volatility
Fund Composition
Top Holdings
Physical XRP tokens held in secure custody
Geographic & Sector Allocation
- 100% cryptocurrency exposure
- Global market participation
Risk Factors
- Market Volatility: Crypto prices can fluctuate dramatically
- Regulatory Risks: Changing crypto regulations may impact the fund
- Liquidity Risk: Although an ETF, underlying assets may face liquidity constraints
FAQ Section
Q: How does this ETF differ from holding XRP directly?
A: It eliminates the need for private key management while providing regulated exposure.
Q: What are the tax implications?
A: Consult a tax professional - crypto ETFs may have different tax treatment than direct holdings.
Q: How often is the NAV calculated?
A: Daily at 11:00 AM ET.
Q: Can I use this ETF in registered accounts?
A: Yes, it has registered investment eligibility.
Q: What's the minimum investment?
A: As with most ETFs, you can purchase single shares.
Conclusion
The Evolve XRP ETF provides a novel way for traditional investors to access the cryptocurrency market with the convenience and security of an ETF structure. While offering advantages over direct ownership, investors should carefully consider the risks inherent in crypto investments.