Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
New XRP Move Comes from WisdomTree, Which Manages $100 Billion!

New XRP Move Comes from WisdomTree, Which Manages $100 Billion!

BitcoinsistemiBitcoinsistemi2024/11/22 16:33
By:Elif Azra Güven

WisdomTree has announced that its XRP-based exchange-traded product (ETP), Wisdomtree Physical XRP (XRPW), has been listed on major European exchanges.

Yesterday evening, SEC Chairman Gary Gensler announced that he would resign, and the XRP price experienced a huge increase.

XRP rose as high as $1.43, marking its highest price levels since May 2021.

While analysts noted that the news that cryptocurrency supporter Paul Atkins will replace Gensler as SEC Chairman could further fuel the XRP rally, WisdomTree made the XRP move.

Leading asset manager WisdomTree has announced the listing of its XRP ETP on major European exchanges.

Asset manager WisdomTree has announced that its XRP-based exchange-traded product (ETP), Wisdomtree Physical XRP (XRPW), has been listed on major European exchanges.

In its statement, Wisdomtree said that this ETP provides exposure to the XRP spot price for institutional investors.

“The Wisdomtree Physical XRP ETP is designed to offer investors a simple, secure and cost-effective way to gain exposure to the XRP price.

Investors also benefit from a dual custody model where regulated custodians and underlying assets are professionally secured in cold storage.”

It was stated that the major European stock exchanges include Deutsche Börse Xetra, SIX Swiss Exchange and Euronext Paris and Euronext Amsterdam.

It was also stated that the management fee for XRPW was set at 0.5%.

*This is not investment advice.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Web3 ai Could Lead 2025’s Best Cryptos With 1,747% ROI, Outshining Toncoin & Chainlink’s Performance

Toncoin (TON) and Chainlink (LINK) show strong market positions, but Web3 ai’s AI-driven platform and sub-$0.001 price point may offer greater potential for exponential growth.Toncoin (TON): Leveraging Telegram’s Ecosystem for GrowthChainlink (LINK): Technical Indicators Point to Potential BreakoutWeb3 ai: Affordable Entry with AI-Driven Security ToolsClosing Thought

Coinomedia2025/05/24 23:40
Web3 ai Could Lead 2025’s Best Cryptos With 1,747% ROI, Outshining Toncoin & Chainlink’s Performance

Ethereum Set to Soar Past $4,000 Again

Ethereum eyes a comeback above $4,000 with a projected 55% surge amid rising market optimism.What’s Driving the Ethereum Rally?Could Ethereum Break Past Its All-Time High?

Coinomedia2025/05/24 23:40
Ethereum Set to Soar Past $4,000 Again

Lark Davis: Best Time to Make Money in Crypto

Crypto analyst Lark Davis says this is the best time to make money in crypto. Here’s why you should pay attention now.Why This Window Matters So MuchHow to Lock In for Maximum Gains

Coinomedia2025/05/24 23:40
Lark Davis: Best Time to Make Money in Crypto

Top Rated Cryptos to Buy in 2025: BlockDAG, Tron, Polygon, and Polkadot Line Up Ahead of Q3 Shift

Explore the top rated cryptos to buy in 2025, featuring BlockDAG’s limited-time 'Double Your BDAG' offer, and why Tron, Polygon, and Polkadot are gaining strong attention this year1. BlockDAG (BDAG)2. Tron (TRX)3. Polygon (MATIC)4. Polkadot (DOT)Closing View on Key 2025 Contenders

Coinomedia2025/05/24 23:40
Top Rated Cryptos to Buy in 2025: BlockDAG, Tron, Polygon, and Polkadot Line Up Ahead of Q3 Shift