U.Today - , at the forefront of crypto innovation, has disclosed its subsidiary, Valour's, bold initiative to unveil the on the European market next month. This move not only denotes a substantial diversification of product offerings but also strategically addresses the surging appetite for crypto asset investments within Europe.
The impending XRP ETP is poised to provide investors with a straightforward and secure avenue to access , the linchpin of the crypto market, directly through their bank or broker.
XRP goes mainstream
Currently commanding a market cap of $32.7 billion, XRP proudly secured fifth place among all digital assets worldwide. Renowned for its role as a bridge in facilitating swift and cost-effective international money transfers within 's ecosystem, XRP stands as the desired choice for financial institutions seeking efficient alternatives to traditional cross-border payment methods.The imminent introduction of Valour's XRP ETP adds an exciting dimension to the continually expanding market for exchange-traded products linked to XRP. Existing solutions from the likes of CoinShares, 21Shares and ETC Group have already contributed significantly to the growing popularity of XRP-focused investment products.
In the ongoing year of 2023, XRP ETPs have attracted a noteworthy $13 million in inflows, accumulating an impressive $68 million in assets under management — the second highest among altcoin-oriented ETPs, trailing only behind .