CoinShares, Europe's largest digital asset investment firm, has launched a new exchange-traded product (ETP): CoinShares Physical XRP (XRPL). This marks the company's eighth investment product and its fourth new offering in 2021.
Key Features of XRPL ETP
- Physical Backing: Each XRPL unit is backed by 40.0 XRP at launch, providing passive exposure to XRP—the native token of the Ripple network.
- Institutional-Grade Platform: Built using CoinShares Physical, a robust ETP framework designed for institutional investors.
- Market Demand-Driven: Developed in response to client demand for professional-grade XRP investment vehicles.
Executive Insights
Townsend Lansing, Head of Product at CoinShares:
"We’re excited to bring XRP to our physically backed ETP platform. At CoinShares, we innovate based on client demand. Once we confirm feasibility and market liquidity potential, we leverage our trading, custody, and compliance expertise to deliver the product."
Frank Spiteri, Chief Revenue Officer:
"The digital asset ecosystem is expanding rapidly. In 2021, our focus is on diversifying offerings that align with European investor preferences. XRPL is our second Q2 launch, and we aim to sustain this momentum."
FAQs About XRP ETP
1. What is an XRP ETP?
An Exchange-Traded Product (ETP) that tracks XRP’s price, backed by physical XRP holdings for direct asset exposure.
2. How is XRPL different from other CoinShares products?
XRPL specializes in XRP, utilizing CoinShares’ institutional infrastructure for security and liquidity.
3. Who can invest in XRPL?
Primarily tailored for European institutional and professional investors.
4. Why invest in XRP through an ETP?
ETPs offer regulated, custodial solutions—bypassing the complexities of direct crypto ownership.
5. What’s next for CoinShares’ product lineup?
The firm plans further diversification, targeting high-demand assets in the digital ecosystem.
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