CoinShares Launches XRP ETP for European Investors

CoinShares, Europe’s largest digital asset investment firm, has officially launched a new exchange-traded product (ETP) — the CoinShares Physical XRP (XRPL). This strategic move expands its suite of crypto-backed financial instruments and strengthens its position in the rapidly evolving digital asset investment landscape.

The XRPL ETP marks CoinShares’ eighth investment product overall and its fourth new launch in 2021 alone, signaling sustained momentum and growing institutional demand for regulated crypto exposure in Europe.

👉 Discover how institutional investors are gaining secure access to XRP today.

What Is the CoinShares Physical XRP (XRPL)?

The CoinShares Physical XRP (XRPL) is a physically backed exchange-traded product, meaning each unit is fully collateralized by actual XRP tokens held in secure custody. At launch, each XRPL unit is backed by exactly 40.0 XRP, ensuring full transparency and one-to-one asset backing.

Built on CoinShares’ trusted institutional-grade ETP platform, XRPL offers both retail and professional investors a compliant, transparent, and efficient way to gain passive exposure to XRP — the native digital asset of the Ripple network. Unlike speculative derivatives or futures-based products, XRPL provides direct ownership exposure through a regulated financial instrument listed on traditional markets.

This structure appeals to investors seeking simplicity, security, and auditability — critical factors as digital assets become increasingly integrated into mainstream portfolios.

Why XRP? Understanding the Strategic Move

XRP has long been recognized for its role in facilitating fast, low-cost cross-border payments. Developed by Ripple Labs, the XRP Ledger supports decentralized transactions with settlement times averaging just 3-5 seconds, significantly faster than traditional banking rails or even other blockchain networks.

Despite regulatory scrutiny in certain jurisdictions — particularly the ongoing U.S. SEC lawsuit — XRP continues to maintain strong adoption globally, especially among financial institutions exploring blockchain-based remittance solutions.

By launching an ETP for XRP, CoinShares is responding directly to client demand for diversified digital asset exposure beyond Bitcoin and Ethereum. The firm has observed growing interest from European investors who view XRP not only as a speculative asset but also as a potential infrastructure play in the future of global finance.

“We’re excited to bring XRP to our physically-backed ETP platform,” said Townsend Lansing, Head of Product at CoinShares. “At CoinShares, we build innovative products in response to demand from our clients. Once we determine that a professional-calibre product is feasible, and it appears that demand exists to make a liquid market for trading the product, we bring the product to fruition leveraging the extensive trading, custody, and compliance capabilities of the CoinShares Group.”

Expanding the Digital Asset Investment Toolkit

CoinShares’ 2021 product rollout reflects a broader strategy: diversifying its offerings to match the expanding digital asset ecosystem.

With XRPL being the firm’s second product launch of Q2 2021, it underscores a deliberate pace of innovation backed by rigorous risk assessment and market analysis.

Frank Spiteri, Chief Revenue Officer at CoinShares, emphasized the importance of alignment with investor preferences:

“The digital asset ecosystem is vast and still growing at breakneck speed. As we continue to diversify our product offering in 2021, we are focused on providing investment exposure to those assets and networks that resonate most with our European client base. XRPL is CoinShares’ second product launch of Q2, and we’re looking forward to building on this momentum in the months ahead.”

This approach positions CoinShares not just as a provider of crypto products, but as a bridge between traditional finance and next-generation digital assets.

Key Features of the XRPL ETP

• ✅ Physically Backed: Each unit backed by real XRP held in cold storage
• ✅ Regulated Structure: Listed on recognized European exchanges under MiFID II framework
• ✅ Transparent Pricing: Daily NAV published; audited reserves ensure trust
• ✅ Liquidity Access: Tradable via standard brokerage accounts during market hours
• ✅ Tax Efficiency: Structured to comply with European tax regulations for ETPs

These features make XRPL particularly appealing to wealth managers, family offices, and long-term investors wary of unregulated crypto exchanges or custody risks.

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How Does This Impact the Broader Crypto Market?

The launch of XRPL contributes to the maturation of crypto finance (CryptoFi) in Europe. It demonstrates that even assets facing legal uncertainty in some regions can find pathways to institutional adoption through proper structuring and jurisdictional compliance.

Moreover, it reinforces a trend: demand for regulated crypto access is rising. As more investors seek exposure without managing private keys or navigating volatile spot exchanges, products like XRPL fill a crucial gap.

CoinShares joins other major players such as WisdomTree and ETC Group in expanding Europe’s crypto ETP landscape — a market now valued at over €10 billion in assets under management.

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Frequently Asked Questions (FAQ)

Q: What is an exchange-traded product (ETP)?
A: An ETP is a type of security that tracks an underlying asset, index, or basket of assets and trades on traditional stock exchanges. Unlike mutual funds, ETPs are traded in real time like stocks, offering liquidity and price transparency.

Q: Is the CoinShares XRP ETP available globally?
A: Currently, the XRPL ETP is targeted at European investors and listed on regulated European exchanges. Availability may vary depending on local financial regulations and brokerage support.

Q: How is XRP different from other cryptocurrencies like Bitcoin?
A: While Bitcoin functions primarily as a store of value, XRP is designed for utility — specifically enabling fast, low-cost international money transfers. It operates on the XRP Ledger, which uses a consensus mechanism rather than proof-of-work mining.

Q: Does owning XRPL mean I own actual XRP?
A: You do not directly hold XRP tokens when investing in XRPL. Instead, you own shares in a regulated product where each unit is backed 1:1 by physical XRP held securely by CoinShares’ custodians.

Q: Can I redeem XRPL units for actual XRP?
A: No — redemption is typically limited to authorized participants and institutional entities. Retail investors can buy and sell units on the open market like any stock or ETF.

Q: Why choose an ETP over buying XRP directly?
A: ETPs offer regulatory oversight, enhanced security through professional custody, tax efficiency, and integration with traditional brokerage accounts — ideal for investors prioritizing compliance and ease of access over direct control.

👉 Compare regulated crypto investment options designed for long-term growth.

Final Thoughts

The introduction of the CoinShares Physical XRP (XRPL) ETP represents a significant milestone in the evolution of digital asset investing in Europe. By combining institutional rigor with responsive product development, CoinShares continues to lead the charge in bringing secure, transparent access to high-demand cryptocurrencies.

As investor appetite grows and regulatory frameworks mature, expect to see further expansion in crypto-native financial products — with ETPs like XRPL paving the way for broader adoption across traditional finance channels.