Ripple recently announced its investment in Bitwise's XRP exchange-traded product (ETP), adding a new hue to the crypto market.🌟

On November 7, Bitwise announced that it would rename its European XRP ETP to Bitwise Physical XRP ETP. Although the name has changed, its code GXRP will remain the same. This move may reflect Bitwise's new thinking in brand strategy, while also showing Ripple's continued support for its ecosystem.🔄

For investors, this change may mean more investment opportunities and market liquidity.📈

In summary, Ripple's investment action has brought new focus to the crypto market, which is worth continued observation.🔍