Asset management firm Wisdomtree has launched its new cryptocurrency exchange-traded product (ETP), the Wisdomtree Physical XRP (XRPW), across major European exchanges, including Deutsche Börse Xetra, Six Swiss Exchange, and Euronext in Paris and Amsterdam.
This new XRP ETP provides investors with a simple and secure way to gain exposure to XRP’s price, with a low management expense ratio of 0.50%. It’s fully backed by XRP, offering a direct link to its spot price.
Wisdomtree’s structure ensures the underlying assets are safely stored using a dual-custody model with regulated custodians and cold storage.“We want to make it easy for investors to access XRP in a secure, cost-efficient way,” said Alexis Marinof, Head of Europe at Wisdomtree.
The firm’s cryptocurrency ETPs are growing in popularity, offering regulated access to digital assets. This new product is part of Wisdomtree’s broader portfolio, which includes bitcoin, ethereum, solana, and diversified crypto baskets.
The XRP ETP is available in countries such as Germany, France, Spain, Sweden, and Switzerland. Investors in the UK can also access Wisdomtree’s physical bitcoin and ethereum ETPs.
Despite ongoing legal challenges for XRP, particularly with the U.S. Securities and Exchange Commission (SEC), interest in XRP-based investment products is growing. Other firms like Bitwise, 21shares, and Grayscale have also filed for XRP-focused ETFs, reflecting increasing demand for diversified crypto investments.
This move from Wisdomtree underscores the growing trend of cryptocurrency ETPs gaining traction among investors looking for regulated, secure ways to access digital assets.
Also Read: XRP Jumps 26% to 3-Year High After Gensler Departure News
