WisdomTree Launches Physical XRP ETP on Major European Exchanges
WisdomTree recently launched the WisdomTree Physical XRP (XRPW) cryptocurrency Exchange-Traded Product (ETP). It is now available on major European exchanges including Deutsche Börse Xetra, the Swiss Stock Exchange SIX, and Euronext in Paris and Amsterdam. XRPW features a management expense ratio of 0.50%, making it the most affordable ETP in Europe for exposure to XRP #XRP.
The ETP provides investors with a straightforward, secure, and cost-efficient method to invest in XRP. It is fully backed by XRP, ensuring direct exposure to the cryptocurrency's spot price through a reliable framework. The dual-custody setup involves regulated custodians managing assets stored securely in cold storage.
XRP serves as the native digital currency of the XRP Ledger (XRPL), which operates on an open-source, permissionless, and decentralized blockchain. The XRPL uses a Proof-of-Association (PoA) consensus method supported by a coalition of universities, exchanges, businesses, and individuals, offering a more resource-efficient alternative to the traditional Proof-of-Work (PoW) model.
XRP Offers Sustainable Cross-Border Transactions
Established in 2012, XRP aims to facilitate payments, allowing transactions to settle on the ledger within three to five seconds. This rapid processing positions XRP as a quicker and more sustainable option compared to Bitcoin #BTC. Transactions occur directly between parties, eliminating central intermediaries, which enhances speed and efficiency in currency bridging.
XRP supports cross-border payments and microtransactions, appealing to businesses and individuals seeking quick international fund transfers without the delays and high fees typical of conventional banking. Dovile Silenskyte, Director of Digital Assets Research at WisdomTree, noted:
“With risk-on sentiment building, altcoins like XRP could outperform bitcoin and ether. XRP complements mega caps in a portfolio, reducing single-token exposure. Cryptos, representing over 1% of the market, enhance diversification with low correlation to traditional assets, potentially improving risk-adjusted returns.”
Strategic Expansion across Europe
Alexis Marinof, Head of Europe at WisdomTree, stated that this launch expands the firm's portfolio of physically-backed cryptocurrency ETPs, providing investors with a valuable option for diversifying multi-asset portfolios. Crypto ETPs offer an efficient way to maintain exposure to cryptocurrencies within a regulated environment, gaining popularity among investors.
“With over USD100 billion of assets under management globally across ETFs and ETPs, investors in our cryptocurrency ETPs can benefit from our global reach, scale, and resources,” said Marinof.
WisdomTree’s European crypto ETPs are available for purchase in various countries, including Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Poland, Netherlands, Norway, Spain, Sweden, and Switzerland. Additionally, WisdomTree Physical Bitcoin and WisdomTree Physical Ethereum ETPs are accessible in the United Kingdom, further enhancing the firm’s presence in cryptocurrency investments.