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, SIX Swiss Exchange, as well as Euronext Paris and Amsterdam. The asset management company stated that its XRP ETP has a management fee 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 an institutional-grade physical support structure.