Ripple
November 27, 2024
Ripple Unicorn News - November 27, 2024
Bitwise Asset Management has rebranded its European XRP exchange-traded product to the Bitwise Physical XRP ETP, with Ripple investing in the initiative. This strategic move aims to enhance investment opportunities in XRP amidst a clearer regulatory environment in the U.S.
() Introduction
() Bitwise Rebrands XRP ETP with Ripple Investment
Bitwise Asset Management has rebranded its European XRP exchange-traded product as the Bitwise Physical XRP ETP, supported by a strategic investment from Ripple. This rebranding reflects Bitwise’s commitment to expanding XRP-focused investment opportunities as regulatory clarity around digital assets improves in the U.S. The move also aligns with growing institutional interest in XRP, positioning the ETP as a key vehicle for investors seeking exposure to the cryptocurrency within a transparent and structured framework.
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