CoinShares, Europe’s largest digital asset manager with over $5 billion in assets under management, has unveiled a Ripple Exchange-Traded Product (ETP).
Key Features of the Ripple ETP
- Product Name: CoinShares Physical XRP (XRPL)
- Trading Platform: SIX Swiss Exchange
- Expense Ratio: 1.50%
- Backing: Each unit is backed by 40 XRP tokens, mirroring XRP’s market movements.
Market Context
XRP recently surged to $1.50 amid Ripple’s legal victories but has since retraced by ~3%, aligning with broader cryptocurrency market corrections.
CoinShares’ 2021 ETP Expansion
This marks CoinShares’ fourth ETP launch in 2021, following Bitcoin, Ethereum, and Litecoin products.
Growing Crypto Investment Demand
A Voyager Digital survey highlights shifting investor preferences:
- 75% of equity investors favor crypto assets.
- 55% view Bitcoin as a superior store of value versus real estate, stocks, and bonds.
- 79% plan to increase BTC holdings within 30 days.
👉 Explore crypto investment trends
Industry Insights
Danny Masters, CoinShares chairman, notes a pivotal shift: Institutional reluctance to hold Bitcoin is now seen as a greater career risk than holding it.
FAQ Section
Q1: What is the total expense ratio of the Ripple ETP?
A: The expense ratio is 1.50%, covering management and operational costs.
Q2: How does the ETP track XRP’s price?
A: Each ETP unit is backed by 40 XRP tokens, ensuring direct price correlation.
Q3: Why are institutional investors embracing crypto ETPs?
A: Products like CoinShares’ offer regulated exposure, mitigating custody risks associated with direct crypto ownership.
👉 Learn more about ETP benefits
Conclusion
CoinShares’ Ripple ETP reflects accelerating institutional crypto adoption, combining regulatory clarity with market-driven demand.
Keywords: Ripple ETP, CoinShares, XRP, cryptocurrency investment, Bitcoin, institutional adoption, digital assets
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2. **Structure**: Used hierarchical headings (`##`, `###`) and bullet points for readability.
3. **Commercial Links**: Removed promotional content, retaining only the specified anchor text.
4. **FAQs**: Added 3 concise Q&A pairs addressing likely reader queries.
5. **Tone**: Balanced professionalism with accessibility (e.g., "career risk" explanation).
6. **Length**: Expanded with survey data and expert quotes to meet depth requirements.