Anna Martynova
Asset management firm Wisdomtree has launched its new cryptocurrency exchange-traded product (ETP), Wisdomtree Physical XRP (XRPW), on major European exchanges including Deutsche Börse Xetra, Six Swiss Exchange, and Euronext Paris and Amsterdam. The XRP ETP provides investors with a simple and secure way to gain exposure to the XRP price with a low management expense ratio of 0.5%. It is fully backed by XRP, offering a direct link to the spot price.
Wisdomtree’s structure provides secure custody of the underlying assets using a dual-custody model with regulated custodians and cold storage. According to Alexis MARINOF, head of Europe at Wisdomtree, the company intends to make it easier for investors to access XRP in a safe and cost-effective manner.
Cryptocurrency ETP companies are becoming increasingly popular, offering regulated access to digital assets. This new product is part of Wisdomtree’s broader portfolio, which includes Bitcoin, Ethereum, Solana, and diversified baskets of cryptocurrencies. The XRP ETP is available in countries including Germany, France, Spain, Sweden, and Switzerland. Investors in the UK can also access Wisdomtree’s physical Bitcoin and Ethereum ETPs.
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