Bitwise has announced the introduction of the Bitwise Physical XRP ETP (GXRP) on Germany's Deutsche Börse Xetra. GXRP, which adheres to German regulatory standards, is supported by actual assets and has over $80 million in assets under management. This move by Bitwise demonstrates its plans to expand in Europe after acquiring ETC Group, a company with over $1 billion in assets. In addition, Bitwise has launched the Bitwise Aptos Staking ETP on the SIX Swiss Exchange, following the success of its Bitcoin and Ethereum ETFs. Bitwise has also filed for a spot XRP ETF with the U.S. SEC. Ripple's CEO, Brad Garlinghouse, has highlighted the value of XRP in cross-border money transfer and decentralized finance, as interest in crypto ETPs grows. Bitwise positions itself as a leader in crypto investment products and manages assets worth over $10 billion. The rebranding of GXRP and Ripple's support indicate a stronger focus on Europe and increasing institutional interest in regulated cryptocurrency products.



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