CandleFocus Crypto ETF issuer Bitwise rebrands XRP ETP with Ripple’s backing
2024-11-27
Author: Content Editor
Bitwise Asset Management has rebranded its European XRP exchange-traded product (ETP) to the Bitwise Physical XRP ETP (GXRP), with backing from blockchain firm Ripple. The rebranded ETP, launched in 2022, provides European investors with exposure to XRP and is fully-backed and institutionally-graded. Ripple's investment in the product has not been disclosed. Bitwise also recently proposed a Bitcoin-Ethereum-based mixed crypto ETF to US regulators and continues to expand its services, now managing $10 billion in client assets.
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