XRP is making headlines again, gaining over 156% in less than two weeks. However, what is interesting is that the Virtune XRP ETP has also outperformed major indices such as the OMX Stockholm 30 and even Bitcoin, further confirming the strength of the XRP rally. Exchange-traded product VIRXRP, listed on Nasdaq Stockholm, has quickly gained attention, overtaking Bitcoin in recent weeks.
What is ETP Virtune XRP (VIRXRP)?
Virtune XRP ETP is the first XRP-related ETP to be listed on the Nasdaq Stockholm exchange. This product provides 1:1 access to XRP, meaning investors can invest directly in the digital asset without having to store or manage the cryptocurrency themselves.
As the first XRP-related ETP to be listed on a major stock exchange, VIRXRP made headlines for its strong performance. This is a great option for those who want to harness the potential of XRP without the hassle of purchasing and storing the token.
Strong rise in XRP prices
XRP’s rise was driven by multiple factors, including growing investor interest, positive market sentiment, and strong fundamentals of the Ripple network. While the price has dipped a bit (XRP is currently hovering around $1.13), it is still up a solid 86% (in the last seven days) from the lows reached just a couple of weeks ago.
What’s interesting about the Virtune XRP ETP is that it outperformed Bitcoin during this rally. While Bitcoin also saw positive price action, the VIRXRP ETP delivered higher returns, further supporting XRP’s growing strength as an asset.
Compared to Bitcoin (BTC) and the OMX Stockholm 30 Index, VIRXRP has consistently outperformed, reflecting growing interest in XRP and the potential for even greater growth.
