Key stats
About EVOLVE FUNDS GROUP INC. EVOLVE XRP ETF CAD UNHEDGED UNIT
Home page
Inception date
Jun 17, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Evolve Funds Group, Inc.
The fund is passively managed to invest directly in XRP. Long-term holdings of XRP are purchased through Coinbase, other reputable XRP trading platforms, and OTC counterparties. Holdings are priced based on the CME CF XRP-Dollar Reference Rate, a once-a-day benchmark index price for XRP, denominated in US dollars. A geographically diverse set of spot prices is included in the index calculation to ensure that the reference rate reflects the global price of XRP. The reference rate is calculated daily based on trades placed on certain approved trading platforms during 15:00-16:00 London Time. The one-hour window is divided equally into twelve 5-minute segments. Each segment has a volume weighted median (VWM). The end value is expressed as the arithmetic mean of the 12 VWMs. The index is designed to be representative of the market but given the volatility, it may not be in all instances. The shares are eligible for registered accounts.
Classification
Symbol
Geography
Global
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
XRP assets under management is 7.82 M CAD. It's risen 696.42% over the last month.
XRP fund flows account for 6.39 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, XRP doesn't pay dividends to its holders.
XRP shares are issued by Evolve Funds Group, Inc. under the brand Evolve. The ETF was launched on Jun 17, 2025, and its management style is Passive.
XRP follows the CME CF XRP-Dollar Reference Rate - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
XRP invests in cash.
XRP trades at a premium (1.46%) meaning the ETF is trading at a higher price than the calculated NAV.