WisdomTree has broadened its cryptocurrency exchange-traded product (ETP) offerings with the introduction of a physically backed Ripple (XRP) ETP. The new WisdomTree Physical XRP (XRPW) provides investors with direct exposure to XRP's spot price, tracking the Compass Crypto Reference Index XRP.
Key Features of XRPW
- Listings: Deutsche Börse, SIX Swiss Exchange, Euronext Paris, and Euronext Amsterdam.
- Total Expense Ratio (TER): 0.50%, making it the lowest-cost XRP ETP in Europe.
- Structure: Physically backed, ensuring direct asset ownership.
Alexis Marinof, Head of Europe at WisdomTree, emphasized the product’s role in diversifying multi-asset portfolios while maintaining regulatory compliance.
Competitive Advantage
XRPW undercuts comparable European XRP ETPs:
- ETC Group Physical XRP (GXRP): 1.95% TER
- CoinShares Physical XRP (XRPL): 1.50% TER
This launch expands WisdomTree’s physically backed crypto ETP suite to nine strategies, collectively managing $1.1 billion in assets.
Understanding Ripple (XRP)
XRP is an open-source, decentralized blockchain optimized for fast, sustainable payments, positioning it as an alternative to Bitcoin.
👉 Explore crypto ETPs for portfolio diversification
FAQ: WisdomTree Physical XRP ETP
1. How does XRPW differ from other XRP ETPs?
XRPW is physically backed and has the lowest TER (0.50%) in Europe, offering cost-efficient exposure.
2. On which exchanges is XRPW listed?
Deutsche Börse, SIX Swiss Exchange, Euronext Paris, and Euronext Amsterdam.
3. What is Ripple’s use case?
XRP facilitates fast, low-cost cross-border payments via its decentralized blockchain.
4. Does WisdomTree offer other crypto ETPs?
Yes, including BTC, ETH, and SOL products, totaling nine strategies.
👉 Learn more about regulated crypto investments
Expanding Beyond Crypto
WisdomTree recently launched a leveraged global multi-asset ETF in Europe, highlighting its innovation in efficient core strategies.