Ripple to Invest in Bitwise Physical XRP ETP, Rebranded from ETC Group, $80 Million AUM

Nov 27, 2024, 12:26 PM

Ripple has announced plans to invest in the Bitwise Physical XRP ETP (GXRP), which has reached an assets under management (AUM) of $80 million. This investment aims to provide institutional-grade access for European investors. The Bitwise Physical XRP ETP, formerly known as the ETC Group Physical XRP, has been rebranded to reflect this new investment. The announcement highlights Ripple's continued engagement in the digital asset space and its commitment to enhancing access for institutional investors in Europe.