WisdomTree, an American fund management company, has launched an exchange-traded product (ETP) for $XRP on European markets, including Deutsche Börse Extra, SIX Swiss Exchange, and Euronext in Paris and Amsterdam. The product features a 0.50% management fee, making it the lowest-cost in Europe.

It is worth noting that XRP has become the third-largest cryptocurrency by market capitalization, surpassing Tether, with a market cap of nearly $150 billion. This achievement is partly attributed to Donald Trump’s return to the presidency and the announcement of Gary Gensler’s resignation as chairman of the SEC. Since the US election, $XRP has seen a 400% increase.