WisdomTree launches XRP ETP product on European exchanges

On November 22, asset management company WisdomTree Investments announced the launch of its XRP ETP product "WisdomTree Physical XRP ETP (XRPW)" on European exchanges. The product will be listed on Deutsche Börse Xetra, SIX Swiss Exchange, and other pan-European exchanges, with a current management fee rate of 0.5%. This product from WisdomTree will be 100% backed by spot XRP, with assets stored in cold wallets and managed under a dual custody model by regulated custodians. Currently, WisdomTree's investment portfolio has expanded to nine cryptocurrency ETPs covering Bitcoin, Solana, Ethereum and others.