#XRP is moving forward with a secure, physical institutional-grade exchange-traded product as #WisdomTree expands its crypto analytics at a time when investor interest is increasing.

$XRP Gains Ground: Major #ETP Launches from Europe’s Leading Asset Manager

Asset management firm Wisdomtree announced on Thursday that it has launched its latest cryptocurrency exchange-traded product (ETP), the Wisdomtree Physical XRP (XRPW), on major European exchanges including Deutsche Börse Xetra, Six Swiss Exchange, and Euronext in Paris and Amsterdam.

With a management fee of 0.50%, the asset management firm said the XRP ETP is the most overpriced offering for XRP in Europe. Built for simplicity and security, Wisdomtree announced that the product is fully backed by XRP and institutionalized, with physical performance exposed to the spot price through a structure. According to the asset manager:

The Wisdomtree Physical XRP ETP is designed to provide simple, secure and cost-effective access to the price of XRP. Investors also benefit from a dual custody model with clean custody locations and professionally secured underlying assets in cold storage.

This latest addition expands the Wisdomtree portfolio of ETPs to nine cryptocurrencies, including bitcoin, ethereum, solana and a diversified crypto basket. “Cryptocurrency ETPs represent an efficient way to hold investors together and are becoming the preferred vehicle for accessing cryptocurrencies,” said Alexis Marinof, Wisdomtree Head of ETPs Europe. “Wisdomtree leverages its 20 years of expertise in providing and managing physical currency ETPs for institutional advertising. They can benefit from our global reach, performance and resources in our digital crypto ETPs with over $100 billion in ETFs and ETPs under management globally.”

Wisdomtree’s European crypto ETPs are available in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Poland, the Netherlands, Norway, Spain, Sweden, and Switzerland. Additionally, physical bitcoin and ethereum ETPs are available to access in the United Kingdom.

While XRP is at the center of a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs, many asset managers are actively working to launch XRP-focused ETFs. In October, Bitwise Asset Management filed a registration statement with the SEC promoting a spot XRP ETF that aims to provide direct exposure to market performance XRP. In November, 21shares filed a filing with the SEC for its Core XRP Trust, indicating growing interest in XRP-focused investment products. Additionally, Grayscale Investments marked a move to create the XRP Trust to expand its portfolio of cryptocurrency offerings and meet investor demand. These developments highlight a significant safeguard among fund advantages of integrating XRP into ETF offerings and demonstrate growth despite ongoing comprehensive evaluations.

#XRPAndSECShift #AltcoinNextMove