#XRPETF XRP spot market depth is insufficient (the current price spread on Binance's order book is 3 times that of BTC), ETF market makers may face high slippage costs, causing management fees to soar above 1.5% (compared to IBIT's 0.25%).

- After U.S. trading platforms delisted XRP due to lawsuits, liquidity is highly concentrated in the Asian market, and time zone differences may lead to significant fluctuations in ETF net value.