Wisdomtree launches Wisdomtree Physical XRP ETP on major exchanges in Europe

ChainCatcher news, asset management company Wisdomtree announced on Thursday the launch of its latest cryptocurrency exchange-traded product (ETP) Wisdomtree Physical XRP (XRPW) on major European exchanges, including Deutsche Börse Xetra, Swiss SIX Swiss Exchange, and the pan-European exchanges in Paris and Amsterdam.

The asset management company stated that the management fee for its XRP ETP is 0.50%, making it the most competitively priced XRP product in Europe. Wisdomtree explained that the product is fully backed by XRP, providing risk exposure to its spot price through an institutional-grade physical support structure.