WisdomTree Unveils Physical Ripple ETP in Europe

WisdomTree has extended its range of crypto exchange-traded products (ETPs) with the launch of a ripple exposure.

The WisdomTree Physical XRP (XRPW) is listed on Deutsche Borse, SIX Swiss Exchange, Euronext Paris and Euronext Amsterdam with a total expense ratio (TER) of 0.50%.

XRPW tracks the Compass Crypto Reference index XRP which provides physically backed exposure to the spot price of ripple (XRP).

XRP is an open-source, permissionless, and decentralized blockchain. It is built specifically for payments as a faster and sustainable alternative to bitcoin.

WisdomTree XRPW ETP Exposure Undercuts Euro Market

Alexis Marinof, head of Europe, WisdomTree, said, “This new launch complements our existing lineup of physically-backed cryptocurrency ETPs, providing investors with another solution to enhance their multi-asset portfolios.

“Cryptocurrency ETPs represent an efficient way to keep investors in a regulated framework and are becoming the preferred vehicle to access cryptocurrencies.”

XRPW is the cheapest ripple ETP exposure in Europe, significantly undercutting the ETC Group Physical XRP (GXRP) at 1.95% and the CoinShares Physical XRP (XRPL) with a total expense ratio (TER) of 1.50%.

The launch takes WisdomTree’s physically-backed crypto ETP range to nine strategies, currently housing $1.1 billion in assets.

Elsewhere, WisdomTree launched its second efficient core ETF in Europe, providing leveraged exposure to a traditional global 60/40 portfolio.

In the U.S., meanwhile, WisdomTree has 79 ETFs traded on the U.S. markets, with total assets under management of $77.18 billion and an average expense ratio of 0.46%. WisdomTree ETFs can be found in the following asset classes: equity, fixed income, currency, asset allocation, alternatives, and commodities. The largest WisdomTree ETF is the WisdomTree Floating Rate Treasury Fund USFR with $17.25B in assets. In the last trailing year, the best-performing WisdomTree ETF was EPI at 33.43% and the most recent ETF the asset manager launched was the WisdomTree India Hedged Equity Fund (INDH) in May 2024.

This article was originally published on our sister site, etfstream.com.