XRP Rally Sees Record Profit-Taking

Ripple To Invest In Rebranded XRP Exchange-Traded Product By Bitwise
Blockchain payments firm Ripple (CRYPTO: XRP) on Wednesday announced plans to invest in the newly rebranded Bitwise Physical XRP ETP. The ETP, which is backed by XRP, is part of a broader rebranding effort by Bitwise Asset Management to enhance its European product suite.
Ripple invests in Bitwise’s rebranded Physical XRP ETF
Ripple, the blockchain giant, is backing Bitwise Asset Management’s revamped Physical XRP ETP, now trading under the ticker GXRP. The rebranding is part of Bitwise’s overhaul of its European product line following its August acquisition of the ETC Group.
XRP Rally Sees Record Profit-Taking as Ripple Labs Plans to Invest in Bitwise XRP ETF
It has more than doubled in two weeks on several positive catalysts, such as the clearing of regulatory headwinds for closely related Ripple Labs, the launch of money market funds on XRP Ledger, and a technical bullish price analysis.
Ripple backs Bitwise Physical XRP ETP following its rebranding
Ripple invests in Bitwise's rebranded Physical XRP ETP amid growing demand for crypto-backed investments in 2024.
Ripple to invest in rebranded Bitwise XRP ETP
Ripple said it will invest in Bitwise’s XRP exchange-traded product (ETP) as the issuer rebrands the offering to strengthen its presence in the European market. On Nov. 7, Bitwise announced it would rebrand its European XRP ( XRP) ETP, the ETC Group Physical XRP, to the Bitwise Physical XRP ETP. Its ticker, GXRP, will remain unchanged.
Bitwise Rebrands Physical XRP ETP in Europe amid Ripple’s Planned Investment
With over $10 billion in client assets, Bitwise is reshaping institutional crypto investing, starting with the rebranded XRP ETP.
Ripple to Invest in Rebranded Bitwise Physical XRP ETP
Ripple announces plans to invest in the rebranded physical XRP exchange-traded product (ETP) from leading asset manager Bitwise. XRP latest news today: The San Francisco-based company made the disclosure after Bitwise renamed its European XRP ETP,
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