Yesterday evening, SEC Chairman Gary Gensler announced that he would resign, and the XRP price experienced a huge increase.
XRP rose as high as $1.43, marking its highest price levels since May 2021.
While analysts noted that the news that cryptocurrency supporter Paul Atkins will replace Gensler as SEC Chairman could further fuel the XRP rally, WisdomTree made the XRP move.
Leading asset manager WisdomTree has announced the listing of its XRP ETP on major European exchanges.
Asset manager WisdomTree has announced that its XRP-based exchange-traded product (ETP), Wisdomtree Physical XRP (XRPW), has been listed on major European exchanges.
In its statement, Wisdomtree said that this ETP provides exposure to the XRP spot price for institutional investors.
“The Wisdomtree Physical XRP ETP is designed to offer investors a simple, secure and cost-effective way to gain exposure to the XRP price.
Investors also benefit from a dual custody model where regulated custodians and underlying assets are professionally secured in cold storage.”
It was stated that the major European stock exchanges include Deutsche Börse Xetra, SIX Swiss Exchange and Euronext Paris and Euronext Amsterdam.
It was also stated that the management fee for XRPW was set at 0.5%.
*This is not investment advice.