What's so great about Wraith's knife?

I'm forced to disagree, the idea is most of these types of items are aesthetic based items. Suddenly making someone have increased damage, range, and overall effectiveness especially in early game, is just asking for trouble.

Most importantly, this just leads us into pay to win. Someone gets a knife, so everyone else needs a buff or special weapon like that, only way to get it is through boxes. Some people might be lucky and get it in a random box, but most people aren't going to see it at all, unless they spend money on the game. Which means anyone who simply can't spend money on it, will always be given a disadvantage to those that can.

Hey there!

The reason why it is a cosmetic only item is because this game is not intended to be "Pay to win".

If they would give the knife only a slight buff they would create a unhealthy game and go against what they promote on there website.

Can players spend money in Apex Legends to receive a gameplay advantage?
No. In Apex Legends, we don’t sell any items that offer a gameplay advantage.

When you enter the Ring, no player will have an advantage based on how much they have spent.

Apex is supported primarily by cosmetics and new characters (which can also be earned).
Source: Apex Legends FAQ

Zeelmaekers

What's so great about it is that you get a fantastic looking skin that very little people have been lucky enough to get, because it has extremely low chance to drop. It does look fantastic when you run around with it and as others pointed out, adding addional benefit to it will put the game into the 'Pay to Win' zone, which is never good. It's fine, as it is and its good that the developers are firm on their position to keep it that way!

I think a special execution would be fine, but it has to be a cool one. 👿

Are you literally advocating for p2w practices?