According to Foresight News, asset management company WisdomTree Investments has announced the launch of the XRP ETP product 'WisdomTree Physical XRP ETP (XRPW)' on European exchanges, which will be listed on Deutsche Börse Xetra, SIX Swiss Exchange, and the pan-European exchange. The current management fee rate for this ETP is 0.5%.
WisdomTree's product will be 100% backed by physical XRP, with assets stored in cold wallets and using a dual custody model managed by regulated custodians. Currently, WisdomTree's portfolio has expanded to nine types of cryptocurrency ETPs, covering Bitcoin, Solana, Ethereum, and more.
