PANews reported on November 22 that according to Cryptopolitan, global asset management company WisdomTree Investments announced the launch of the exchange-traded product WisdomTree Physical XRP ETP (XRPW). The product will be listed on multiple European exchanges, including Deutsche Börse Xetra, SIX Swiss Exchange, and Euronext. The current management fee rate of the ETP is 0.50%.

It is reported that WisdomTree's product will be 100% supported by spot XRP. The assets will be stored in cold wallets and will adopt a dual custody model, which will be managed by regulated custodians. Currently, WisdomTree's investment portfolio has expanded to nine cryptocurrency ETPs, covering Bitcoin, Solana, Ethereum, etc.