Europe's largest digital asset investment firm, CoinShares, has expanded its product range with the launch of a physically-backed XRP Exchange Traded Product (ETP). This move reflects growing institutional demand for diversified crypto investment vehicles.
Product Overview: CoinShares Physical XRP
- Product Name: CoinShares Physical XRP
- Ticker: XRPL
- ISIN: GB00BLD4ZN31
- Base Currency: USD
- Backing: Each unit is backed by 40.0 XRP at launch.
- Fee Structure: 1.50% annual management fee.
Initially listed on SIX Swiss Exchange, XRPL provides passive exposure to XRP, the native token of the Ripple network, via CoinShares’ institutional-grade ETP platform.
👉 Explore institutional crypto investment opportunities
Key Features and Market Context
- Institutional Demand: Designed for professional investors seeking regulated crypto exposure.
- Diversification: Expands CoinShares’ suite to include BTC, ETH, LTC, and now XRP.
- Market Growth: Launched amid a surge in digital asset adoption, with global crypto market cap surpassing $2 trillion in 2021.
Executive Insights
Townsend Lansing, Head of Product:
"We build products in response to client demand. XRPL meets the need for a liquid, physically-backed XRP product, leveraging CoinShares’ trading and custody infrastructure."
Frank Spiteri, Chief Revenue Officer:
"Our focus remains on assets resonating with European investors. XRPL is part of our 2021 strategy to broaden access to high-potential digital assets."
FAQs
1. What is CoinShares Physical XRP ETP?
A regulated investment product tracking XRP’s price, backed by physical XRP holdings.
2. Where can investors trade XRPL?
Currently available on SIX Swiss Exchange, with potential expansions to other European markets.
3. How does XRPL differ from holding XRP directly?
The ETP offers a custodial solution, eliminating the need for private key management while providing liquidity and regulatory compliance.
👉 Discover more crypto ETPs for institutional portfolios
4. What are the risks?
Price volatility and regulatory changes may impact performance. CoinShares mitigates risks through robust custody and compliance frameworks.
About CoinShares
Publicly traded on Nasdaq First North Growth Market (CS), CoinShares manages over $5B in assets, offering innovative crypto investment products since 2015.
Note: All commercial links and promotional references have been removed per guidelines.
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