Physical XRP ETP | GXRP

Bitwise Physical XRP ETP

Physical XRP exposure with safe custody and the liquidity of an exchange traded product.

Case for an XRP ETC

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An easy way to invest in Ripple’s XRP token

Unlike directly investing in XRP, GXRP needs no cryptocurrency wallet, unless investors wish to redeem GXRP for XRP. Your units of GXRP are safely held with your broker or bank.

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Invest in Ripple on a regulated exchange

The XRP ETC trades on regulated European exchanges e.g. XETRA, SIX. Investors can trade with confidence knowing that market participants are vetted and monitored, preventing market abuse unlike largely unregulated cryptocurrency exchanges.

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Safe custody

The underlying digital assets are stored with BitGo Europe GmbH, a secure and specialised custodian built for safekeeping digital assets. Strict KYC and AML standards ensure the provenance of all cryptocurrency is vetted.

Case for Crypto ETC

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Easier crypto access

Unlike directly investing in cryptocurrencies, ETCs require no cryptocurrency wallet, unless investors wish to redeem for the underlying coin.

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Regulated exchanges

Crypto ETCs can trade on regulated European exchanges e.g. XETRA, or SIX. Market participants are strictly vetted and monitored, preventing market abuse unlike largely unregulated cryptocurrency exchanges.

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Safe custody

Underlying cryptocurrencies can be safely stored by regulated custodians, built for digital assets.

As of 14.09.2026

Product Objective

Bitwise Physical XRP ETP is an exchange traded cryptocurrency (ETC) that tracks the price of Ripple’s XRP governance token. Ripple is a payment settling, currency exchange and remittance system for financial institutions with its own cryptocurrency XRP. Each unit of GXRP is 100% physically backed by XRP and trades on European exchanges, providing investors with a safer and liquid way to gain exposure to XRP. Each unit of GXRP gives the holder a claim on a predefined amount of XRP. GXRP is issued by Bitwise (previously ETC Group) and marketed and distributed by HANetf.

Key Information

Inception Date19/04/2022
Base CurrencyUSD
Net Assets of Fund$158,919,757
TER195 bps
Replication MethodPhysically Allocated Ripple XRP
DomicileGermany
ISINDE000A3GYNB0

Key Risks

Investors’ capital is at risk and investors may not get back the amount originally invested and should obtain independent advice before making a decision. Any decision to invest should be based on the information contained in the relevant prospectus. ETC securities are structured as debt securities, not as equity. For a complete overview of all the risks, please refer to the “Risk Factors” in the Prospectus.

Product Information

TickerGXRP
Asset ClassDigital Assets

Net Asset Values

NAV$19.20
Net assets of Fund$158,919,757
Shares Outstanding8,274,988
Issuer AUM$1,603,247,515
Entitlement Per Security13.7431342984

Product Structure

UCITS CompliantNo
UCITS EligiblePlease contact HANetf
ISA Eligible*Yes
SIPP Eligible*Yes

* only for professional investors investing via this wrapper in UK

Key Service Providers

CustodianBitGo Europe GmbH
IssuerBitwise Europe GmbH
RegistrarClearstream Banking AG, Frankfurt ("CBF")

Registrations

austria Flag Austria
czech Flag Czech Republic
denmark Flag Denmark
finland Flag Finland
france Flag France
germany Flag Germany
ireland Flag Ireland
italy Flag Italy
luxembourg Flag Luxembourg
netherlands Flag Netherlands
norway Flag Norway
poland Flag Poland
spain Flag Spain
sweden Flag Sweden
switzerland Flag Switzerland

Listings & Codes

ExchangeTickerRICSEDOLCCYListing Date
Euronext ParisGXRP FPGXRP.PABMWFKW82026-05-19
SIXGXRP.SEGXRPGHF.SBP2R4012025-09-02
XetraGXRP GYGXRP.DEBQ7ZVB72022-04-22
Exchange Euronext Paris
Ticker GXRP FP
RIC GXRP.PA
SEDOL BMWFKW8
CCY
Listing Date 2026-05-19
Exchange SIX
Ticker GXRP.SE
RIC GXRPGHF.S
SEDOL BP2R401
CCY
Listing Date 2025-09-02
Exchange Xetra
Ticker GXRP GY
RIC GXRP.DE
SEDOL BQ7ZVB7
CCY
Listing Date 2022-04-22

Performance

GXRP (Fund)
1M29.05%
3M4.16%
6M0.40%
YTD-26.95%
12M-52.48%
3Y147.98%
Since Inception (19/04/2022)63.10%
NAV

Source: HANetf, data as of 31.08.2026. Please note that all performance figures are showing net data. The underlying benchmark is “Riple”, performance is in USD. Past performance is not an indicator for future results and should not be the sole factor of consideration when selecting a product. Investors should read the prospectus of the Issuer (“Prospectus”) before investing and should refer to the section of the Prospectus entitled “Risk Factors” for further details of risks associated with an investment in this product. If product is less than 12 months old, YTD field will be calculated since inception. When you invest in ETCs your capital is at risk.

Holdings As of 14.09.2026

Index Details

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About Partner

Bitwise is one of the world’s leading crypto specialist asset managers. Thousands of financial advisors, family offices, and institutional investors across the globe have partnered with Bitwise to understand and access the opportunities in crypto. Since 2017, Bitwise has established a track record of excellence managing a broad suite of index and active solutions across ETPs, separately managed accounts, private funds, and hedge fund strategies—spanning both the U.S. and Europe.

In Europe, for the past four years, Bitwise (previously ETC Group) has developed an extensive and innovative suite of crypto ETPs, including Europe’s largest and most liquid bitcoin ETP.

This family of crypto ETPs is domiciled in Germany and approved by BaFin. Bitwise exclusively partners with reputable entities from the traditional financial industry, ensuring that 100% of the assets are securely stored offline (cold storage) through regulated custodians.

Bitwise’s European products comprise a collection of carefully designed financial instruments that seamlessly integrate into any professional portfolio, providing comprehensive exposure to crypto as an asset class. Access is straightforward via major European stock exchanges, with primary listings on Xetra, the most liquid exchange for ETF trading in Europe.

Retail investors can benefit from easy access through numerous DIY/online brokers, coupled with Bitwise’s robust and secure physical ETP structure, which includes a redemption feature.

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