ChainCatcher News, asset management company Wisdomtree announced on Thursday the launch of its latest cryptocurrency exchange-traded product (ETP) Wisdomtree Physical XRP (XRPW) on major European exchanges, including Deutsche Börse Xetra, Swiss SIX Swiss Exchange, as well as the pan-European exchanges in Paris and Amsterdam.

The asset management company stated that its XRP ETP has a management fee rate of 0.50%, making it the most competitively priced XRP product in Europe. Wisdomtree explained that the product is fully backed by XRP, providing risk exposure to its spot price through institutional-grade physical support structures.