New on Xetra: Crypto ETN from WisdomTree offers access to the cryptocurrency Ripple (XRP)
New on Xetra: Crypto ETN from WisdomTree offers access to the cryptocurrency Ripple (XRP)
Since Thursday, a new crypto ETN issued by WisdomTree has been tradable on Xetra and Börse Frankfurt.
The WisdomTree Physical XRP, gives investors the opportunity to gain cost-effective exposure to the cryptocurrency Ripple. The reference market for the Ripple spot price is the Compass Crypto Reference Index.
The ETN is physically collateralised and admitted to the Regulated Market of the Frankfurt Stock Exchange. Through central clearing investors also benefit from significantly reduced risks in the settlement of transactions.
Trading of the crypto ETN takes place in the trading currency Euro on Xetra.
The annual management fee is 0.50 per cent.
Name | Asset class | ISIN | Management fee | Cryptocurrency |
WisdomTree Physical XRP | Crypto-ETN | 0.50 per cent | Ripple |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,298 ETFs, 259 ETNs and 197 ETCs. With this selection and an average monthly trading volume of around €17 billion, Xetra is the leading trading venue for ETFs in Europe.