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Bitwise XRP ETP Rebranding Amid Ripple’s Investment Push
The post Bitwise XRP ETP Rebranding Amid Ripple’s Investment Push appeared on BitcoinEthereumNews.com. Bitwise Asset Management has announced the rebranding of its European XRP ETP (exchange-traded product). This is part of its broader strategy to strengthen its foothold in the crypto investment space. Now named the Bitwise Physical XRP ETP (GXRP), the product represents a renewed commitment to XRP as a key investment vehicle. Bitwise Rebrands Offering to Physical XRP ETP The rebranding marks a significant milestone for Bitwise. The asset manager ventured into the European market earlier this year after acquiring ETC Group, a local crypto ETP issuer. Meanwhile, the GXRP ETP, 100% physically backed and regulated by Germany’s financial authority, offers European investors secure exposure to XRP. This move aligns with Ripple’s announcement of an investment in GXRP, signaling confidence in XRP’s potential amid growing institutional interest. Ripple CEO Brad Garlinghouse emphasized XRP’s unique value proposition, particularly in light of the increasing global demand for crypto investment products. “XRP is at the forefront of momentum as a utility-driven digital asset,” an excerpt in the announcement read, citing Garlinghouse. He also predicted that regulatory clarity in the US would spur further interest in crypto-backed offerings. Notably, Ripple has been at the heart of XRP’s adoption, leveraging the XRP Ledger (XRPL) for applications such as cross-border remittances, tokenization, and institutional DeFi. The XRPL, celebrated for its efficiency and reliability, underpins XRP’s position as the fifth-largest cryptocurrency. “XRP and the XRP Ledger are among the most familiar and trusted blockchains in crypto. We’re thrilled to provide access through an institutional-grade product like the GXRP,” Bitwise CEO Hunter Horsley said. XRP Price Performance. Source: BeInCrypto XRP, which boasts a market capitalization of over $82 billion, is up by almost 3% on this news. According to BeInCrypto data, the token is trading for $1.43 as of this writing. XRP ETFs on the Horizon With Trump Administration…
The post Bitwise XRP ETP Rebranding Amid Ripple’s Investment Push appeared on BitcoinEthereumNews.com.
Bitwise Asset Management has announced the rebranding of its European XRP ETP (exchange-traded product). This is part of its broader strategy to strengthen its foothold in the crypto investment space. Now named the Bitwise Physical XRP ETP (GXRP), the product represents a renewed commitment to XRP as a key investment vehicle. Bitwise Rebrands Offering to Physical XRP ETP The rebranding marks a significant milestone for Bitwise. The asset manager ventured into the European market earlier this year after acquiring ETC Group, a local crypto ETP issuer. Meanwhile, the GXRP ETP, 100% physically backed and regulated by Germany’s financial authority, offers European investors secure exposure to XRP. This move aligns with Ripple’s announcement of an investment in GXRP, signaling confidence in XRP’s potential amid growing institutional interest. Ripple CEO Brad Garlinghouse emphasized XRP’s unique value proposition, particularly in light of the increasing global demand for crypto investment products. “XRP is at the forefront of momentum as a utility-driven digital asset,” an excerpt in the announcement read, citing Garlinghouse. He also predicted that regulatory clarity in the US would spur further interest in crypto-backed offerings. Notably, Ripple has been at the heart of XRP’s adoption, leveraging the XRP Ledger (XRPL) for applications such as cross-border remittances, tokenization, and institutional DeFi. The XRPL, celebrated for its efficiency and reliability, underpins XRP’s position as the fifth-largest cryptocurrency. “XRP and the XRP Ledger are among the most familiar and trusted blockchains in crypto. We’re thrilled to provide access through an institutional-grade product like the GXRP,” Bitwise CEO Hunter Horsley said. XRP Price Performance. Source: BeInCrypto XRP, which boasts a market capitalization of over $82 billion, is up by almost 3% on this news. According to BeInCrypto data, the token is trading for $1.43 as of this writing. XRP ETFs on the Horizon With Trump Administration…
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