Ripple Invests in Bitwise’s Rebranded XRP ETP as Company Expands in Europe
28.11.2024 10:00 1 min. read Kosta Gushterov
Bitwise has made a significant move in the European market by rebranding its XRP exchange-traded product (ETP) to "Bitwise Physical XRP ETP" following its filing for a spot XRP ETF in the United States.
The change marks a key step as the company expands its offerings across the region.
In addition to the rebranding, Ripple has announced plans to invest in Bitwise’s revamped XRP ETP as part of its strategy to strengthen its presence in Europe. Bitwise CEO Hunter Horsley highlighted the reliability of the XRP Ledger, noting that its more than 10-year track record positions it as one of the most trusted blockchains in the crypto space.
He expressed excitement about offering institutional-grade access to the newly rebranded product.
Ripple’s CEO, Brad Garlinghouse, emphasized the growing demand for crypto investment products, forecasting significant growth in 2024 as interest in crypto-backed offerings continues to rise. The clearer regulatory environment in the U.S. is expected to further fuel this demand, which will likely benefit crypto ETPs such as Bitwise’s Physical XRP ETP.
This rebrand comes on the heels of Bitwise’s recent expansion, which included launching its first Aptos staking ETP earlier in November, signaling its commitment to broadening its crypto product range.
-
1
Telegram’s Durov Warns of Rising Threat to Privacy as Europe Eyes Encryption Backdoors
22.04.2025 20:00 2 min. read -
2
Bithumb Splits Business as It Eyes Late 2025 IPO
23.04.2025 9:00 1 min. read -
3
BlackRock Reports Strong Q1 as Digital Assets Gain Ground Amid Broader ETF Growth
12.04.2025 8:00 2 min. read -
4
Decentralized Protocols Dominate Crypto Lending by End of 2024
15.04.2025 19:00 2 min. read -
5
Hidden Road Secures U.S. Broker-Dealer License Following Ripple Acquisition
18.04.2025 14:00 2 min. read
Binance Founder Calls U.S. Prison ‘Terrifying,’ Shares Life Lessons
Binance founder Changpeng Zhao has broken his silence about his time behind bars, describing the four months he spent in a U.S. prison as one of the most unsettling and eye-opening periods of his life. Speaking in a recent interview with Rug Radio, Zhao recounted the emotional and psychological toll of incarceration. Lacking U.S. citizenship […]
eToro Targets $4B Valuation With Planned Nasdaq Debut
Israeli trading platform eToro is preparing to go public in the U.S., aiming for a valuation of up to $4 billion as it moves to list shares on the Nasdaq under the ticker “ETOR.”
S&P 500 Flashes Rare Pattern, But Market Signals Remain Divided
April brought an unusual twist to the U.S. stock market. The S&P 500 plummeted more than 10% during the month, only to rebound and close within 2% of where it began.
Trump Ties Crypto to U.S. Power Play as Digital Assets Take Center Stage
Cryptocurrency may have existed long before Donald Trump returned to the White House, but under his leadership, digital assets have gone from a fringe technology to a central pillar of U.S. economic strategy.
-
1
Telegram’s Durov Warns of Rising Threat to Privacy as Europe Eyes Encryption Backdoors
22.04.2025 20:00 2 min. read -
2
Bithumb Splits Business as It Eyes Late 2025 IPO
23.04.2025 9:00 1 min. read -
3
BlackRock Reports Strong Q1 as Digital Assets Gain Ground Amid Broader ETF Growth
12.04.2025 8:00 2 min. read -
4
Decentralized Protocols Dominate Crypto Lending by End of 2024
15.04.2025 19:00 2 min. read -
5
Hidden Road Secures U.S. Broker-Dealer License Following Ripple Acquisition
18.04.2025 14:00 2 min. read