According to Deep Tide TechFlow news on November 21, asset management company WisdomTree Investments announced the launch of the XRP ETP product 'WisdomTree Physical XRP ETP (XRPW)', which will be listed for trading on the German Deutsche Börse Xetra, SIX Swiss Exchange, and Euronext, with a management fee rate of 0.5%, the lowest in the European market.
This product is backed by 100% liquid XRP, using an institutional-grade dual custody model, with assets stored in cold wallets and held by regulated custodians. Following this launch, WisdomTree's cryptocurrency ETP portfolio has expanded to 9 offerings, covering major crypto assets like Bitcoin, Solana, and Ethereum.
