cryptonews.net
While the fate of the XRP exchange-traded fund (ETF) in the US is surrounded by uncertainty, there is another investment vehicle for XRP on a well-known stock exchange in Europe. In a recent tweet, XRP influencer Darren stated that the XRP ETF exists on SIX Swiss Exchange, a leading cryptocurrency investment firm. However, the SIX stock exchange offers a different form of exchange-traded product (ETP) for XRP rather than ETFs.
Notably, ETP is a basket term that refers to different types of investment instruments such as exchange-traded commodities (ETC), exchange-traded notes (ETN), and exchange-traded funds (ETF). Darren's tweet contained a copy of the exchange's latest monthly financial report, which reflects the crypto products traded on the platform. The attached report features several cryptocurrency-focused ETPs. ETPs included XRP, Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cosmos (ATOM), Cardano (ADA) and 12 others.
In addition, the report lists ETPs based on their performance in the market. In the list of altcoins, excluding Ethereum, XRP is among the top 5 performing ETPs by market turnover. In particular, the XRP ETP "21 Shares Ripple" (AXRP) generated over $5 mln in revenue. It reached this figure after 447 trades on the market. Similarly, XRP ETP Ripple/Leonteq Securities (CXRPTQ) saw a turnover of over $980 000 with 27 trades.
Image: Tokenist