Ripple News Virtunes Nasdaq Stockholm ETP Launch Broadens XRP Investment Potential

Virtune, in partnership with Coinbase, has launched a secure and physically-backed XRP ETP on Nasdaq Stockholm, providing investment opportunities for Nordic investors. This comes after a surge in XRP holdings, with 19 banks reporting $10.27 billion in investment positions. The Virtune XRP ETP, known as VIRXRP, is fully backed by physical XRP and offers a management fee option of 1.49% for both retail and institutional investors. As the largest stock exchange in the Nordic region, Nasdaq Stockholm is well-positioned to meet the needs of investors. Christopher Kock, CEO of Virtune, expressed excitement about the launch, stating that it fulfills the growing demand for a secure and accessible way to invest in XRP. The investment in XRP is expected to result in new all-time highs, with Goldman Sachs hedge fund clients already pouring $2.8 trillion into the cryptocurrency. The current price of XRP is $0.48, showing positive growth over the past day and week.