GXRP

XRPetc – ETC Group Physical XRP

“GXRP delivers physical exposure to Ripple’s XRP coin with the safety and liquidity of an exchange traded product” - Bradley Duke, ETC Group

Get in Touch Download Investor Pack
Key Documents
Factsheet
As of 26/05/2022

XRPetc – ETC Group Physical XRP (Ticker: 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 XRP ETC 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.

Want to keep updated about GXRP and our other products?

Subscribe for updates

An easy way to invest in Ripple´s XRP token:

Investing in GXRP is as simple as buying shares through your broker or bank. Unlike investing directly in XRP, there is no need to engage with the technical challenges of setting up a cryptocurrency wallet to store XRP* as your units of GXRP are safely held with your broker or bank.   *Investors only need a cryptocurrency wallet if they want to redeem for XRP.


Invest in Ripple on a regulated exchange:

GXRP's primary listing is XETRA, one of the largest exchanges in Europe. Investors can trade with confidence knowing that all market participants are strictly vetted and carefully monitored to prevent market abuse unlike cryptocurrency exchanges, many of which are unregulated. The issuer has partnered with world-class liquidity providers to ensure ample on exchange liquidity and tight spreads.


Safe Custody:

The issuer stores the XRP backing the securities with BitGo Trust Company, a secure, regulated custodian, purpose built for holding digital assets.  Strict KYC and AML standards ensure that the provenance of all cryptocurrency in custody has been vetted. Strict KYC and AML standards ensure that the provenance of all cryptocurrency in custody has been vetted.

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.

ETCs trade on exchanges like securities. They are bought/sold at market prices which may be different to the net asset value of the ETC.

Cryptocurrencies can be highly volatile and your capital is at risk.

For professional investors only.

As of 26/05/2022

Listings & Codes

Exchange Ticker RIC SEDOL ISIN Valoren WKN CCY Listing Date
Xetra GXRQ GR GXRQ.DE BQ7ZVC8 DE000A3GYNB0 A3GYNB USD 22/04/2022
Xetra GXRP GR GXRP.DE BQ7ZVB7 DE000A3GYNB0 - A3GYNB EUR 22/04/2022

Registrations

Fund Overview
TickerGXRP
Asset ClassCryptocurrency
Base CurrencyUSD
Inception Date08/04/2022
TER195 bps
Net Asset ValuesAs of 26/05/2022
Price Per GXRP*$5.86
Crypto Entitlement (XRPs Per ETC)14.960397342
Price Per XRP0.39
Total Holdings (Number of XRP)612739.135
Value of XRP Holding**$239,612.31
Shares Outstanding40,900
Issuer AUM$525,432,223
Entry Exit Fees***None

* NAV
** AUM
*** Your broker will charge commissions to purchase ETC like shares

Structure
Replication MethodPhysically Allocated Ripple XRP
Legal FormETC Issuance GmbH
Financial End Year31 December
DomicileGermany
Legal StructureETC
Legal And Tax Information
UCITS EligiblePlease contact HANetf
UCITS CompliantNo
ISA EligibleYes
SIPP EligibleYes
UK Fund Reporting StatusSeeking
Key Service Providers
CustodianBitGO Trust Company (regulated)
TrusteeAPEX Corporate Trustees (UK) Limited
IssuerETC Issuance GmbH
RegistrarClearstream Banking AG


GXRP Performance 1M 3M 6M YTD 12M Since Inception

Press Releases

PressApril 2022

ETC Group launches XRP-backed ETC on Xetra
Read More

Sign up to receive your investor pack and email alerts

Related Content

Listings & Codes

Exchange Ticker RIC SEDOL ISIN Valoren WKN CCY Listing Date
Xetra GXRQ GR GXRQ.DE BQ7ZVC8 DE000A3GYNB0 A3GYNB USD 22/04/2022
Xetra GXRP GR GXRP.DE BQ7ZVB7 DE000A3GYNB0 - A3GYNB EUR 22/04/2022

How to Buy GXRP

HANetf funds are available to buy through self-directed platforms and brokers, and intermediary platforms across Europe listed in the link below. If you would like more information on how to trade with APs/market makers, please contact our Capital Markets Team at [email protected]

Read More

About ETC Group

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. 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.

www.etc-group.com

Contact Us

Tell us how we can help