Ripple’s Investment in Bitwise’s XRP ETP: What You Need to Know
. With the ticker GXRP, this move signals Bitwise’s entry into the European market after acquiring ETC Group, a crypto investment firm managing $1 billion in assets, including physical crypto ETPs. The Bitwise Physical XRP ETP aims to offer European investors exposure to XRP through a physically backed product. Hunter Horsley, CEO and Co-Founder at Bitwise, highlighted the reliability and expanding capabilities of XRP and the XRP Ledger, expressing excitement to provide investors access through the Bitwise Physical XRP ETP (GXRP). This development is a significant step in providing European investors with a new way to engage with digital assets.
