WisdomTree Europe Launches XRP ETP
The European arm of ETF issuer WisdomTree has just announced the launch of a new ETP based on XRP. The product is currently available in four EU countries, which has caused a slight increase in the price of XRP.
ETPs are a common issuer strategy to earn revenue without ETF approval, but even if the U.S. does, Europe may not.
WisdomTree’s XRP ETP
WisdomTree, one of the issuers of Bitcoin ETFs in the United States, Announce Its European branch is offering Exchange Traded Products (ETP) Based on Ripple. The new product is currently available in Germany, Switzerland, France and the Netherlands. one More issuers apply for XRP ETFbut WisdomTree takes a slightly different tack.
“The WisdomTree Physical XRP ETP provides a simple, secure and low-cost way to gain exposure to XRP, one of the largest cryptocurrencies by market capitalization. XRPW is 100% powered by XRP and is the lowest priced XRP ETP in Europe, offering direct spot Price exposure.”
possibility Official XRP ETF growing with the current bull market, and Ripple CEO Brad Garlinghouse believes this is “inevitable.” Nonetheless, this has not happened yet and ETP products allow issuers to meet customer requirements to a certain extent. Bitwise, The company also filed for an XRP ETF Recently in the United States Acquisition of European ETP issuer Enter the same market.
However, WisdomTree is no stranger to this marketing strategy. In May this year, it was approved for listing ETP based on Bitcoin and Ethereum to UK investors.
The UK has not yet approved full ETFs for either asset, but WisdomTree still gained market access. Even a small slice of the XRP market could be lucrative; the asset’s value is soaring today.
Wisdom Tree European Strategy Page Any further action after full approval is not described. Even if US approves XRP ETF Under new leadership at the SECwhich does not necessarily benefit WisdomTree’s European affiliates. Currently, these XRP-based ETPs must be sufficient to meet the needs of this market.
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