As of 28/09/2023
ETC Group Physical XRP (Ticker: GXRP) is an exchange traded cryptocurrency (ETC) that tracks the price of Ripple's XRP governance token. Ripple is a payment settling, currency exchange and remittance system for financial institutions with its own cryptocurrency XRP.
Each XRP ETC is 100% physically backed by XRP and trades on European exchanges, providing investors with a safer and liquid way to gain exposure to XRP. Each unit of GXRP gives the holder a claim on a predefined amount of XRP.
GXRP is issued by ETC Group and marketed and distributed by HANetf.
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An easy way to invest in Ripple´s XRP token:
Investing in GXRP is as simple as buying shares through your broker or bank. Unlike investing directly in XRP, there is no need to engage with the technical challenges of setting up a cryptocurrency wallet to store XRP* as your units of GXRP are safely held with your broker or bank. *Investors only need a cryptocurrency wallet if they want to redeem for XRP.
Invest in Ripple on a regulated exchange:
GXRP's primary listing is XETRA, one of the largest exchanges in Europe. Investors can trade with confidence knowing that all market participants are strictly vetted and carefully monitored to prevent market abuse unlike cryptocurrency exchanges, many of which are unregulated. The issuer has partnered with world-class liquidity providers to ensure ample on exchange liquidity and tight spreads.
Safe Custody:
The issuer stores the XRP backing the securities with BitGo Trust Company, a secure, regulated custodian, purpose built for holding digital assets. Strict KYC and AML standards ensure that the provenance of all cryptocurrency in custody has been vetted. Strict KYC and AML standards ensure that the provenance of all cryptocurrency in custody has been vetted.
Risks
Investors' capital is at risk and investors may not get back the amount originally invested and should obtain independent advice before making a decision.
Any decision to invest should be based on the information contained in the relevant prospectus.
ETC securities are structured as debt securities, not as equity.
ETCs trade on exchanges like securities. They are bought/sold at market prices which may be different to the net asset value of the ETC.
Cryptocurrencies can be highly volatile and your capital is at risk.
For professional investors only.