Overview
The CoinShares Physical XRP ETP is a 100% physically backed Exchange-Traded Product (ETP) designed to offer a secure, transparent, and cost-effective way to invest in XRP, the native asset of the Ripple network.
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Key Features
- Direct XRP Exposure: Access XRP investments through your preferred trading platform.
- Full Physical Backing: Each ETP unit is backed by actual XRP held in custody by institutional custodian Komainu.
- Transparency: Real-time reserve verification via LedgerLens, audited by The Network Firm.
Product Details
1. Convenient Investment
Manage your XRP holdings alongside traditional assets—no need for separate crypto wallets or exchanges.
2. 100% Physically Backed
- Asset Security: XRP reserves match ETP issuance 1:1.
- Custody: Safeguarded by Komainu, a regulated institutional custodian.
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3. Transparency & Verification
Publicly accessible reserve data ensures trust. Investors can:
- Verify holdings via LedgerLens.
- Monitor real-time balances on the CoinShares website.
4. Product Identification
| Detail | Description |
|-----------------|---------------------------|
| Ticker | XRRL (EUR), XRPL (USD/CHF/EUR) |
| ISIN | GB00BLD4ZN31 |
Trading Information
Available Markets
| Exchange | Currency | Ticker |
|---------------|----------|--------------|
| XETRA (Germany) | EUR | XRRL GY Equity |
| SIX Swiss Ex | USD/CHF/EUR | XRPL SE Equity |
| EN Paris (France) | EUR | XRPL FP Equity |
Listing Date: April 8, 2022 (XETRA)
How to Invest
Step-by-Step Guide
- Copy Product ID: Use ISIN
GB00BLD4ZN31or ticker symbols (e.g., XRRL). - Open Broker Account: Fund your existing account or create a new one.
- Search for ETP: Enter the ISIN/ticker in your broker’s platform.
- Place Order: Specify quantity and confirm trade.
FAQs
Q1: What is Ripple’s role?
Ripple develops payment solutions for financial institutions (e.g., RippleNet, ODL) to enable fast, low-cost cross-border transactions.
Q2: Is XRP the same as Ripple?
No. XRP is Ripple’s native crypto asset, while Ripple is the company behind the technology.
Q3: Does Ripple have a public stock?
Ripple is privately held. Investors can only access its ecosystem via XRP.
Risks & Disclosures
- Capital at Risk: Crypto ETPs are volatile—partial or total loss is possible.
- Past Performance ≠Future Results: Historical data isn’t indicative of future returns.
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