According to PANews, WisdomTree Investments, a global asset management firm, has announced the launch of its new exchange-traded product, WisdomTree Physical XRP ETP (XRPW). This product will be available on several European exchanges, including Deutsche Börse Xetra, SIX Swiss Exchange, and Euronext. The management fee for this ETP is set at 0.50%.
The WisdomTree Physical XRP ETP is fully backed by spot XRP, with assets securely stored in cold wallets. The product employs a dual custody model, ensuring that regulated custodians manage the assets. This launch marks an expansion of WisdomTree's investment portfolio, which now includes nine cryptocurrency ETPs. These ETPs cover a range of digital currencies, such as Bitcoin, Solana, and Ethereum, reflecting the firm's commitment to diversifying its offerings in the growing cryptocurrency market.
