Attention XRP Investors: Ripple Announced Its New Investment!

in the USA spot XRP ETFwho applied for Bitwiseannounced that it has rebranded its XRP ETP as it expands its operations in Europe.

At this point, Bitwise changed the name of the XRP ETP to “Bitwise Physical XRP ETP”.

After this decision Rippleannounced that it will invest in Bitwise’s XRP exchange-traded product (ETP) in order to strengthen its presence in the European market.

“Bitwise Asset Management today announced that the name of its European-traded product (GXRP) has changed to Bitwise Physical XRP ETP as part of a broader rebranding of its European product suite.”

Bitwise CEO’su Hunter Horsley, XRP and stated that XRP Ledger is one of the most well-known and reliable blockchains in the field and said:

“XRP and XRP Ledger are among the most well-known and trusted blockchains in crypto.

XRPL is unmatched with its 10+ year history of reliability and continues to expand its capabilities. “We are excited to provide investors with access to the Bitwise Physical XRP ETP (GXRP) through an institutional-quality product.”

Following this decision, Ripple also announced that it plans to invest an unspecified amount in the newly rebranded Bitwise Physical XRP ETP.

Ripple Labs CEO’su Brad Garlinghouse “Global demand for exposure to the crypto asset class has exploded in 2024, supported by growing interest in crypto-backed investment offerings,” he said in a statement. “With the US regulatory environment for crypto finally becoming clearer, this trend is expected to accelerate and the demand for crypto ETPs such as the Bitwise Physical XRP ETP will further increase.” he said.

As you may recall, Bitwise has recently increased its crypto-based products and launched its first Aptos staking ETP in November.

*This is not investment advice.