DeFi Technologies has announced the impending launch of an XRP exchange-traded product (ETP) in a significant move for cryptocurrency investment in Europe. This new financial instrument, set to debut in early December 2023, marks a notable development in bridging the gap between decentralized finance and traditional investment markets.
XRP ETP Boosts European Crypto Market
DeFi Technologies will roll out the XRP ETP through its subsidiary, Valour Inc, a well-established issuer of ETPs focusing on digital assets. The launch, scheduled for early next month, offers investors a straightforward and secure avenue to gain exposure to XRP, the fifth-largest cryptocurrency globally, with a market capitalization of $31.6 billion.
According to the press release, the XRP ETP will be available on a major European exchange, allowing investors to access it via banks or brokerage services. This initiative reflects Valour’s commitment to expanding its product range, responding to the increasing deman
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