Asset manager Wisdomtree on Thursday announced the launch of its newest cryptocurrency exchange-traded product (ETP), Wisdomtree Physical XRP (XRPW), on major European exchanges, including Deutsche Bo ̈ rse Xetra, six major Swiss exchanges, and Euronext in Paris and Amsterdam. The asset manager says its XRP ETP has a management fee ratio of 0.50%, making it the most competitively priced XRP product in Europe. Wisdomtree explains that the product is fully backed by XRP, providing risk exposure to its spot price through an institutional-grade physical support structure.