Ripple Announces Investments in Bitwise’s XRP ETP

Bitwise Asset Management has disclosed that, as part of a comprehensive rebranding of its European product lineup, it has changed the name of its European XRP exchange-traded product.

In addition, Ripple, a leading digital asset infrastructure provider, has announced its investment in the product, now known as the Bitwise Physical XRP ETP (previously ETC Group Physical XRP).

XRP, the world’s fifth-largest cryptocurrency with a market capitalization of over $80 billion, has gained significant popularity due to its expanding use cases on the XRP Ledger (XRPL). This includes its usage in cross-border remittances, institutional DeFi, and real-world tokenization.

The XRPL is well-known for its speed, efficiency, and reliability, which make it an attractive platform for financial services firms. European investors now have access to XRP through GXRP, a 100% physically-backed ETP launched by Bitwise (previously ETC Group) in 2022.

This ETP, which operates under a prospectus approved by Germany’s financial regulator, offers a direct and convenient way for investors to gain exposure to XRP.