Coinshares Launches XRP Exchange-traded Product In SIX Swiss Exchange

An exchange-traded product for XRP is launched by CoinShares, a digital assets investing firm.

This new ETP with ticker symbol XRPL will trade on SIX Swiss Exchange, Switzerland’s principal stock exchange.

Each XRPL has a base fee of 1.5% per year with each unit representing 40 XRP.

The new offering is a good indication that global exchanges are warming up to the embattled token after a series of delisting due to the SEC lawsuit last December.

The XRP is the native digital asset for real-time global payments on the XRP Ledger—an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3-5 seconds and developed by Ripple Labs.

CoinShares provides asset management, capital markets, venture capital, and advisory services in the digital asset industry with $5 Billion of assets under management.

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