Ripple to Invest in Bitwise XRP ETP
. This change will help Bitwise expand its reach in Europe, where it recently acquired ETC Group, a major player in the crypto investment market.
The Bitwise Physical XRP ETP is designed to provide European investors with a way to access XRP through a physically backed product. This means that investors can have confidence in the product as it is backed by physical XRP assets. Hunter Horsley, CEO and Co-Founder of Bitwise, expressed excitement about the opportunity to offer European investors access to XRP through their institutional-quality product.
XRP and the XRP Ledger are well-established and reliable blockchains within the cryptocurrency space, with a strong track record spanning over a decade. The XRP Ledger continues to evolve and expand its capabilities, making it an attractive option for investors looking to diversify their portfolios.
Overall, this collaboration between Ripple and Bitwise is a significant development in the cryptocurrency market, offering European investors a new way to invest in XRP through a trustworthy and reliable product. It will be interesting to see how this partnership unfolds and how investors respond to this new opportunity.
