10Mon·

WisdomTree
$WT (-1.23%) has submitted an application for an XRP-based ETF $XRP (+1.37%) submitted. The fund aims to make it easier for investors to access XRP without having to own the cryptocurrency directly. This comes after improved regulatory clarity for XRP in the US, which has sparked interest from institutional investors. The ETF could create a new way to access the growing cryptocurrency market.

You can find more details in the article on TradingView.

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de.tradingview.comWisdomTree reicht XRP-ETF ein

5 Comments

András A.@Spinat

10Mon

I don't quite understand it. There is a crypto, the $XRP, and an ETF that buys the crypto, and you buy the ETF and pay the fees for it. So practically the same thing Trade Republic does, right? What's the point for the investor? Is there actually an ETF that tracks all or many cryptos?

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user03@user03

10Mon

@Spinat Convenience, but it may also include other things to do with XRP :)

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ETF S.@ETFSchamane

10Mon

@Spinat Yes. Convenience, no need to fiddle with crypto exchanges and wallets.

ETPs with "physically" deposited coins (physical BTc, ETH, etc.) are (at least often) tax-equivalent to cryptos, i.e. tax-free after a holding period of 1 year.

In addition to products on individual coins, there are some ETPs that track a basket of the largest coins by market capitalization.
E.g.

CoinShares Physical Top10 Crypto Market ETP
JE00BPRDNL86

21Shares Crypto Basket Index ETP
CH0445689208

VanEck Crypto Leaders ETN
DE000A3GWEU3

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Mario@ut23392

10Mon

It's easier to buy ETF from the bank. You don't have to transfer funds from your bank to a wallet and then buy $XRP. There is this ETF that tracks the major cryptos CH0445689208 you can check it.

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Kreua@Kreua

10Mon

Many institutional investors are not allowed to purchase cryptos directly or only under certain conditions. This is circumvented with a crypto ETF and thus attracts more capital. For "normal" investors, it is primarily a matter of convenience if they can/want to do without staking or wallet transferability.
I personally don't know of any kind of "multi-crypto ETF", only index certificates (e.g. WKN A2URRU).

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