Wisdomtree launches Wisdomtree Physical XRP ETP on major European exchanges

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, SIX Swiss Exchange, and pan-European exchanges in Paris and Amsterdam. The asset management company stated that the management fee rate for its XRP ETP is 0.50%, making it the most competitively priced XRP product in Europe. Wisdomtree explained that this product is fully backed by XRP, providing risk exposure to its spot price through an institutional-grade physical backing structure.