Virtue XRP ETP Listed on Nasdaq Stockholm: Bringing Crypto to Institutional Investors

IconCryptoNewsTerminal Staff02 Jul, 2024

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Virtue XRP ETP Listed on Nasdaq Stockholm: Bringing Crypto to Institutional Investors

Virtue XRP ETP (Ticker: VIRXRP), a Ripple (XRP) exchange-traded product (ETP) from digital asset manager Virtune, has been listed on Nasdaq Stockholm, expanding access to cryptocurrency for both retail and institutional investors. The ETP, which has an annual management fee of 1.49%, will be available for trading starting July 2nd. Coinbase serves as the custodian and liquidity provider for the ETP. This listing marks a significant milestone in the mainstream adoption of cryptocurrencies. By providing an accessible and regulated investment vehicle, the Virtue XRP ETP opens up new opportunities for investors looking to gain exposure to the digital asset market. ETPs have gained popularity as a convenient and cost-effective way to invest in cryptocurrencies, without the need for direct ownership or the technical complexities associated with digital asset trading. The listing of the Virtue XRP ETP on Nasdaq Stockholm is expected to further enhance the liquidity and credibility of the XRP market, providing a more accessible and regulated trading environment for investors.

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