Bitwise Announces Rebranding of XRP ETP with Ripple Investment – SEO Update

Bitwise has exciting news to share! They have decided to rebrand their European product suite, which includes a name change for their physical XRP ETP. This exciting rebranding effort was announced on November 27, 2024. In addition to this rebranding, Ripple, a digital asset infrastructure provider, has disclosed its intention to invest in this newly renamed product – the Bitwise Physical XRP ETP (previously known as ETC Group Physical XRP).

XRP, which ranks as the world’s fifth-largest crypto asset with a market cap exceeding $80 billion, has been gaining popularity thanks to its growing use cases on the XRP Ledger (XRPL). This blockchain network is especially recognized for its speed, efficiency, and reliability, making it a go-to choice for financial services firms engaging in cross-border remittances, institutional DeFi, and real-world tokenization.

For European investors looking to get in on the action, Bitwise offers exposure to XRP through GXRP. This ETP is 100% physically backed and was initially launched by Bitwise (previously ETC Group) in 2022 under the supervision of Germany’s financial regulator.

Hunter Horsley, CEO, and Co-Founder at Bitwise, expressed his excitement about providing investors access to XRP through the Bitwise Physical XRP ETP (GXRP). He highlighted XRP and the XRP Ledger’s credibility in the crypto space, emphasizing their reliability and ongoing evolution.

Brad Garlinghouse, CEO at Ripple, chimed in on the escalating global demand for crypto asset exposure. He underscored the trend’s acceleration, especially with the increasing clarity of the U.S. regulatory environment for crypto. As a versatile, valuable, and utility-focused digital asset, XRP is well-positioned to meet this accelerating demand for assets with real-world functionality.

Bitwise has experienced noteworthy growth in 2024, surpassing $10 billion in total client assets. The firm’s recent acquisition of leading European ETP issuer ETC Group in August paved the way for strategic expansions and rebranding initiatives across their European operations. Bitwise is gearing up to roll out more institutional-grade crypto ETPs, with plans including the launch of the Bitwise Aptos Staking ETP on the SIX Swiss Exchange and the filing of a Form S-1 for an XRP spot ETF in the U.S.

For those curious about the key details of the Bitwise Physical XRP ETP (GXRP), the product comes with a primary ticker of “GXRP” and is identified by the ISIN DE000A3GYNB0. If you want more information on this product or any others in Bitwise’s lineup, head over to https://etc-group.com/products/.

Bitwise’s commitment to offering reliable and innovative crypto investment opportunities shines through their conclusion that they are a valuable partner for those looking to explore the crypto space. With a strong track record of managing a range of crypto solutions for various types of investors since 2017, Bitwise continues to be a leader in the field. Their European offerings provide a diverse range of crypto ETPs that cater to investors seeking comprehensive exposure to this burgeoning asset class. Retail investors can easily access these products on major European stock exchanges, making it convenient and secure to get involved in the crypto market.

For more information on Bitwise and their suite of products, check out www.bitwiseinvestments.com/eu. If you have any media inquiries, feel free to reach out to JEA Associates. Cheers to Bitwise and Ripple for their exciting developments!