{"id":40724,"date":"2021-04-14T12:10:28","date_gmt":"2021-04-14T09:10:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=40724"},"modified":"2025-08-30T15:27:18","modified_gmt":"2025-08-30T12:27:18","slug":"coinshares-to-launch-a-physically-backed-xrp-etp","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/coinshares-to-launch-a-physically-backed-xrp-etp\/","title":{"rendered":"CoinShares to launch a physically backed XRP ETP"},"content":{"rendered":"<p>The crypto asset manager CoinShares announced the launch of an exchange-traded product (ETP) based on Ripple&#8217;s XRP token.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">As we continue to diversify our product offering, we are focused on providing exposure to those assets that resonate most with our client base. <\/p>\n<p>XRPL is CoinShares\u2019 second product launch of Q2, providing investors exposure to <a href=\"https:\/\/twitter.com\/search?q=%24XRP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$XRP<\/a>. <a href=\"https:\/\/t.co\/ubFQODlNnA\">https:\/\/t.co\/ubFQODlNnA<\/a><\/p>\n<p>\u2014 CoinShares \ud83d\udc69\u200d\ud83d\ude80 (@CoinSharesCo) <a href=\"https:\/\/twitter.com\/CoinSharesCo\/status\/1381952997127753735?ref_src=twsrc%5Etfw\">April 13, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Each share of CoinShares Physical XRP is physically backed by 40 XRP.<\/p>\n<p>Initially, the ETP under the ticker XRPL will be listed on Switzerland\u2019s largest stock exchange, SIX Swiss Exchange, with an annual management fee of 1.5%.<\/p>\n<p>XRPL has become the eighth investment product launched by the British company. Four of them were launched this year.<\/p>\n<p>CoinShares emphasised that all products were created in response to client demand.<\/p>\n<p>At the beginning of April, the firm <a href=\"https:\/\/u1f987.com\/en\/news\/coinshares-to-launch-litecoin-based-etp\">launched<\/a> a Litecoin-based ETP with cryptocurrency backing. Previously, CoinShares offered investors access to <a href=\"https:\/\/u1f987.com\/en\/news\/coinshares-to-launch-a-physically-backed-bitcoin-etp-on-six\">Bitcoin<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/coinshares-to-launch-physically-backed-ethereum-etp\">Ethereum<\/a> through similar products.<\/p>\n<p>On the eve of the launch of the fourth cryptocurrency ETP, the company announced that assets under management (AUM) had reached $5 billion.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">We are excited to celebrate an important milestone today \u2014 CoinShares crosses $5B in assets under management, and crypto markets pass the $2T mark<\/p>\n<p>Crypto is an asset class, and we are excited to be a part of its growth in markets across the globe. <a href=\"https:\/\/t.co\/zJTdI4URLt\">https:\/\/t.co\/zJTdI4URLt<\/a><\/p>\n<p>\u2014 CoinShares \ud83d\udc69\u200d\ud83d\ude80 (@CoinSharesCo) <a href=\"https:\/\/twitter.com\/CoinSharesCo\/status\/1382041680849821702?ref_src=twsrc%5Etfw\">April 13, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe macroeconomic landscape has changed markedly over the past twelve months, and there is a broad global rotation of assets. With wealth totaling $400 trillion and $2 trillion in crypto markets last year, there has been a sharp shift in the appetite of retail and institutional investors toward Bitcoin and other digital assets,\u201d noted CoinShares CEO Jean-Marie Mognetti.<\/p>\n<\/blockquote>\n<p>The company, together with 3iQ Corp, plans to <a href=\"https:\/\/u1f987.com\/en\/news\/3iq-corp-and-coinshares-to-launch-bitcoin-etf-in-canada\">launch<\/a> a Bitcoin-based exchange-traded fund (ETF) in Canada. <a href=\"https:\/\/u1f987.com\/en\/news\/canada-registers-bitcoin-etf-ahead-of-the-united-states\">Previously, the country was the first in the world to approve<\/a> such a product. <a href=\"https:\/\/u1f987.com\/en\/news\/brazil-becomes-the-second-country-in-the-world-to-approve-a-bitcoin-etf\">Brazil later followed Canada&#8217;s example<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto asset manager CoinShares announced the launch of an exchange-traded product (ETP) based on Ripple&#8217;s XRP token.<\/p>\n","protected":false},"author":1,"featured_media":40725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1191,112,1211],"class_list":["post-40724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinshares","tag-ripple","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=40724"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40724\/revisions"}],"predecessor-version":[{"id":40726,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40724\/revisions\/40726"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/40725"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=40724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=40724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=40724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}