Cryptocurrency continues to redefine the investment landscape, and XRP stands out as one of the most widely discussed digital assets—especially in the context of global payments and institutional adoption. For investors based in Sweden or those trading in SEK, the CoinShares XBT Physical XRP ETP offers a regulated, transparent, and efficient way to gain exposure to XRP without managing private keys or navigating volatile crypto exchanges.
This article explores how this ETP works, its benefits, risks, and how you can easily add it to your portfolio through traditional brokerage platforms.
What Is the CoinShares XBP Physical XRP ETP?
The CoinShares XBT Physical XRP ETP is a debt security listed on Nasdaq Stockholm that provides 100% physically backed exposure to XRP, Ripple’s native digital asset. Each unit of the ETP represents ownership of real XRP held in custody by institutional-grade providers—ensuring full backing and transparency.
Domiciled in Sweden and denominated in SEK, this product is designed for both retail and institutional investors seeking a compliant, cost-effective gateway into the world of digital assets.
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Key Features of the XRP ETP
✅ 100% Physically Backed by Real XRP
Unlike synthetic or futures-based products, this ETP holds actual XRP tokens. For every share issued, an equivalent amount of XRP is acquired and securely stored by regulated custodians—Komainu and Zodia Custody—both known for their enterprise-grade security infrastructure.
This structure eliminates counterparty risk associated with derivatives and ensures that investors own a proportional stake in real, auditable digital assets.
✅ Transparent Reserves with Real-Time Verification
Transparency is a cornerstone of trust in crypto investing. CoinShares publishes daily proof-of-reserves data verified by independent auditor The Network Firm. Using the LedgerLens tool, investors can view real-time holdings and confirm that the number of XRP tokens held matches the outstanding ETP shares.
This level of openness helps protect investors and reinforces confidence in the product's integrity.
✅ Available in SEK on Nasdaq Stockholm
Trading under the ticker COINXRP (ISIN: SE0024367130), the ETP is accessible through standard brokerage accounts in Sweden, including popular platforms like Avanza. Its listing on a regulated exchange means investors benefit from familiar trading mechanics, settlement processes, and tax reporting.
✅ Eligible for ISK Accounts
One of the standout advantages for Swedish investors is that the CoinShares XBT Physical XRP ETP qualifies for inclusion in Investment Savings Accounts (ISK). This allows investors to enjoy favorable tax treatment while diversifying into digital assets—a rare combination in the crypto space.
How to Buy the XRP ETP: A Simple 4-Step Process
Adding XRP exposure to your portfolio has never been easier. Follow these steps:
- Copy the Product ID
Note down the ISIN (SE0024367130) or ticker (COINXRP) to ensure accurate identification. - Log In to Your Broker Account
Use your existing brokerage account (e.g., Avanza, Nordnet) or open a new one if needed. - Search for the ETP
Enter the ISIN or ticker symbol in your broker’s search bar and select the correct product. - Place Your Order
Specify the number of units you want to purchase, review fees and pricing, then confirm your trade.
Once executed, your investment appears just like any other stock or ETF—fully integrated into your portfolio.
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Understanding XRP and Ripple: Are They the Same?
A common point of confusion among new investors is whether XRP and Ripple are interchangeable terms. They are not.
- Ripple refers to the San Francisco-based technology company that developed solutions for cross-border payments, primarily targeting banks and financial institutions.
- XRP is the native cryptocurrency of the Ripple network, used to facilitate fast, low-cost international transfers through products like RippleNet and On-Demand Liquidity (ODL).
While Ripple uses XRP within its ecosystem, the company does not control the token’s supply or price. Instead, XRP operates on its own decentralized blockchain—the XRP Ledger.
Does Ripple Have a Stock?
No, Ripple Labs Inc. remains a privately held company and does not offer publicly traded stock. As such, retail investors cannot buy shares in Ripple through traditional stock markets.
However, XRP serves as a financial instrument that reflects broader sentiment around Ripple’s technology and adoption potential. While not equity, many investors treat XRP as a proxy for betting on Ripple’s success in transforming global remittances.
Risks to Consider Before Investing
While the CoinShares XBT Physical XRP ETP offers a secure structure, it’s essential to understand the inherent risks:
- Market Volatility: XRP’s price can fluctuate significantly due to regulatory news, macroeconomic trends, or shifts in market sentiment.
- Regulatory Uncertainty: Ongoing legal developments—particularly concerning whether XRP qualifies as a security—can impact investor confidence.
- Complex Product Nature: Crypto ETPs may be harder to understand than traditional ETFs. Investors should take time to read the KID (Key Information Document) and prospectus before investing.
- Past Performance ≠ Future Results: Historical returns do not guarantee future outcomes.
Always conduct thorough research and consider your risk tolerance before allocating capital.
Frequently Asked Questions (FAQ)
Q: Is the CoinShares XBT Physical XRP ETP safe?
Yes. The product is fully backed by real XRP stored with regulated custodians. Daily proof-of-reserves audits enhance transparency and reduce fraud risk.
Q: Can I hold this ETP in my ISK account?
Absolutely. The ETP is eligible for Swedish Investment Savings Accounts (ISK), offering tax-efficient exposure to XRP.
Q: How is this different from buying XRP directly on an exchange?
Buying the ETP allows you to access XRP through regulated brokers without managing wallets or private keys. It also provides added layers of custody, compliance, and reporting.
Q: Who are the custodians holding the XRP?
The assets are held by Komainu (a joint venture between Nomura, Ledger, and SBI Holdings) and Zodia Custody (backed by Standard Chartered Bank).
Q: Where can I check the current holdings?
You can verify real-time reserves via CoinShares’ public Proof of Reserves dashboard using LedgerLens technology.
Q: What are the fees associated with this ETP?
Management fees and total expense ratios are disclosed in the official factsheet and KID document available on CoinShares’ website.
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By combining institutional custody, exchange listing, tax efficiency, and full asset backing, the CoinShares XBT Physical XRP ETP represents a compelling option for European investors seeking secure exposure to digital assets. Whether you're diversifying your ISK portfolio or exploring next-generation financial technologies, this product bridges innovation with regulatory compliance—making crypto investing more accessible than ever.