XRP ETF
XRP ETF (NASDAQ: XRPI) is an exchange-traded fund listed on NASDAQ, trading at $8.49 (about ₹814 a unit) as of 25 Sep 2026, 4:00 PM ET. It has an expense ratio of 1.68%. Indian residents can buy XRPI through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$8.39
Today's high
$8.65
52 week low
$5.42
52 week high
$18.77
XRPI opened at $8.59, closed previously at $8.25, and has traded between $5.42 and $18.77 over the past 52 weeks.
About
XRPI is an actively managed investment vehicle designed to generate returns correlated with XRP futures contracts. These futures are traded on exchanges regulated by the CFTC, and the fund also holds supporting assets such as cash or top-tier securities. Its strategy involves seeking full exposure to XRP's performance by focusing on near-term XRP futures and systematically rolling these contracts forward before they mature. While it does not directly acquire XRP tokens, the fund profits from increases in the price of XRP futures contracts, though investors are fully exposed to potential losses. For context, the underlying XRP cryptocurrency primarily serves as a medium for streamlining international transactions and payments via the Ripple network. Beyond futures, the fund's portfolio may encompass shares in other XRP-linked Exchange Traded Products (ETPs) not registered under the 1940 Act (where permitted), indices tied to XRP, and swap agreements linked to XRP's price. Structurally, the fund employs a subsidiary domiciled in the Cayman Islands for its futures contract investments.
Key statistics
Expense ratio
1.68%
Assets (AUM)
$119.0M
Holdings
—
NAV
$8.50
Avg. volume
—
1-year price change
-49.82%
5-year price change
—
Price change excludes dividends.
Top 2 holdings
These 2 are 100.0% of the fund.
How to buy XRPI from India
Indian residents can buy XRPI units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search XRPI and buy
Find the fund by its ticker, XRPI, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in XRPI from India
Trading and taxes when buying XRPI from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the XRPI price today?
XRP ETF (XRPI) last traded at $8.49 on NASDAQ, as of 25 Sep 2026, 4:00 PM ET. That is ₹814 a unit at the 25 Sep 2026 USD/INR rate.
When does XRPI trade, in Indian time?
NASDAQ trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is XRPI, and what does it cost to hold?
XRP ETF manages about $119.0M. Its expense ratio is 1.68% a year, deducted inside the fund. It launched in 2025.
What are XRPI's largest holdings?
The top two are CME XRP Futures Oct26 (50.0%) and Cash & Other (50.0%). XRPI's 2 largest positions make up 100.0% of the fund.
Does XRPI pay dividends?
Yes. XRPI is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India.
How are gains on XRPI taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
Can I buy fractional units of XRPI?
Yes. You can buy XRPI by amount rather than by whole unit, and there is no minimum trade size.
How has XRPI performed?
XRPI's price is down 49.8% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.