Early in December, a European exchange will host the debut of a Ripple XRP exchange-traded product (ETP), according to DeFi Technologies, Inc. The product will be made available by the Canada-based Web 3.0 business through its subsidiary, Valour Inc., in response to the increasing demand for diversified cryptocurrency exposure among European investors. Currently, Valour provides a variety of cutting-edge blockchain products, such as two fully hedged Ethereum and Bitcoin ETPs with no management fees: Ethereum Zero and Bitcoin Zero.
As part of a larger plan, Valour has added the XRP ETP to give investors access to a variety of digital assets in a regulated manner. In the meantime, there has been a surge in the price of Ripple’s XRP cryptocurrency, which has increased by 36% over the last six months and by 12% over the last 30 days. Investors in XRP are looking forward to the outcome of an SEC litigation that has been dragging on for years. One analyst believes the market price of the Ripple cryptocurrency might reach $0.71 by the end of the year.