Bitwise Renames XRP ETP After Ripple’s Strategic Investment
Exciting news alert! Bitwise Asset Management has decided to freshen up its European XRP ETP (exchange-traded product) with a brand new name. Say hello to “Bitwise Physical XRP ETP (GXRP)!” This revamped product promises to deliver safe and secure, physically backed XRP exposure right here in Europe.
What’s even more interesting is that Ripple, the company behind XRP, is throwing its weight behind this rebrand. Their strategic investment not only highlights the utility of XRP but also signals a significant uptick in institutional interest for crypto investment tools.
While XRP ETFs may be facing some challenges in the US, Bitwise’s strategic pivot towards Europe showcases a promising landscape for crypto-backed products. With this rebrand, Bitwise is setting its sights on bringing top-notch crypto investment opportunities to the European market.
Exciting times are ahead for crypto enthusiasts in Europe as Bitwise continues to push the boundaries of traditional investing with its innovative XRP ETP. Stay tuned for more updates on this exciting development!
