Overview
The CoinShares XBT Physical XRP ETP is a 100% physically-backed Exchange-Traded Product (ETP) designed to provide secure, transparent, and cost-efficient exposure to XRP, the native cryptocurrency of the Ripple network. Domiciled in Sweden and traded in SEK, this ETP offers institutional-grade custody and real-time reserve verification.
Key Features
- 100% Physical Backing: Each ETP share is collateralized by an equivalent amount of XRP stored with custodians Komainu and Zodia.
- SEK-Denominated: Trade directly in Swedish kronor through major platforms like Nasdaq Stockholm.
- Transparency: Holdings are audited by The Network Firm and publicly accessible via LedgerLens.
- Tax Efficiency: Eligible for inclusion in Swedish Investment Savings Accounts (ISK).
Product Details
Structure
| Attribute | Details |
|--------------------|--------------------------|
| Domicile | Sweden |
| Legal Structure| Debt Security (ETP) |
| Replication | Physical |
Trading Information
- Exchange: Nasdaq Stockholm
- Currency: SEK
- Ticker:
COINXRP SS Equity - ISIN: SE0024367130
How to Invest
Step-by-Step Guide
- Copy the Product ID: Use the ISIN (
SE0024367130) or ticker (COINXRP SS Equity). - Access Your Broker Platform: Log in to your preferred brokerage account (e.g., Avanza).
- Search for the ETP: Paste the ISIN/ticker to locate the product.
- Place Your Order: Specify the number of shares and confirm the trade.
👉 Learn more about crypto ETPs
FAQs
1. What is Ripple’s Role in XRP?
Ripple develops payment solutions (e.g., RippleNet) for financial institutions, while XRP serves as the liquidity tool within its ecosystem.
2. Can I Buy Ripple Stock?
No. Ripple is a private company; investors gain exposure via XRP or ETPs like CoinShares XBT Physical XRP.
3. Is XRP Suitable for ISK Accounts?
Yes! This ETP qualifies for Swedish ISK, offering tax advantages for long-term holdings.
Risks and Disclosures
- Capital at Risk: Crypto ETPs are volatile; past performance doesn’t guarantee future results.
- Complexity: Ensure you understand the product before investing.
For disclosures and documents (factsheet, prospectus), visit CoinShares’ official site.
Why Choose This ETP?
- Institutional Security: Audited reserves and regulated custody.
- Seamless Access: Trade XRP without managing private wallets.
- Market Transparency: Real-time asset verification.