GXRP

ETC Group Physical XRP

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

Case for an XRP ETC

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.

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.

Safe custody

The underlying digital assets are stored with Zodia Custody (Ireland) Limited, a secure and specialised custodian built for safekeeping digital assets. Strict KYC and AML standards ensure the provenance of all cryptocurrency is vetted.

As of 18.04.2024

Product Objective

ETC Group Physical XRP (GXRP) 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 ETC Group and marketed and distributed by HANetf.

Key Information

Inception Date19/04/2022
Base currencyUSD
Value of XRP Holding$1,881,322
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.

Product Information

TickerGXRP
Asset ClassDigital Assets

Net Asset Values

NAV$7.27
Value of XRP Holding$1,881,322
Shares Outstanding258,900
Issuer AUM$1,529,661,755
Entitlement Per Security14.4113703893

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

CustodianZodia Custody (Ireland) Limited
TrusteeAPEX Corporate Trustees (UK) Limited
IssuerETC Issuance GmbH
RegistrarClearstream Banking AG, Frankfurt ("CBF")

Registrations

Austria
Czech Republic
Denmark
Finland
France
Germany
Ireland
Italy
Luxembourg
Netherlands
Norway
Poland
Spain
Sweden
Switzerland

Listings & Codes

ExchangeTickerRICSEDOLCCYListing Date
XetraGXRQ GYGXRQ.DEBQ7ZVC8$2022-04-22
XetraGXRP GYGXRP.DEBQ7ZVB72022-04-22
SIXGXRP SEGXRP.SBP2R4012022-07-05
Exchange Xetra
Ticker GXRQ GY
RIC GXRQ.DE
SEDOL BQ7ZVC8
CCY $
Listing Date 2022-04-22
Exchange Xetra
Ticker GXRP GY
RIC GXRP.DE
SEDOL BQ7ZVB7
CCY
Listing Date 2022-04-22
Exchange SIX
Ticker GXRP SE
RIC GXRP.S
SEDOL BP2R401
CCY
Listing Date 2022-07-05

Returns

GXRP (Fund)XRPUSD CFIX (Index)
1M1.48%4.24%
3M-1.04%0.98%
6M16.09%17.62%
YTD-1.04%0.98%
12M14.21%17.34%
3Y-14.18%
Since Inception (19/04/2022)-22.61%-18.77%

Performance chart

NAV

Source: HANetf. 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 18.04.2024

Index Details

Knowledge hub

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About Partner

ETC Group brings together financial services professionals with experience spanning both the worlds of digital assets and regulated markets with a single goal: to make investing in crypto-currencies easy, transparent and safe. Much has been said but little done in delivering what the institutional investor wants and expects in this space. In developing this platform, the team at ETC has taken every care to deliver products with integrity that address the very real concerns that many investors have in trading unregulated assets.
United within ETC Group is one of the world’s largest electronic market makers, two London-based FCA- regulated brokers and a team of experienced financial services professionals all bringing network and know-how to the venture.

In the traditional sense, ETC stands for “exchange traded commodity”. ETC Group branded the venture under the ETC brand hijacking the traditional acronym and turning it into “exchange traded crypto” (“ETC”). Products such as BTCE are structured like bonds and come with all the perks of trading on regulated exchange.