💡 Crypto news: Ripple and Bitwise are creating a new wave in the ETF market! 🌊
Ripple has started investing in an XRP-based ETF, which is now available in European markets thanks to Bitwise. 🚀 The rebranding of the product led to a name change from ETC Group Physical XRP to Bitwise Physical XRP ETP. It is traded on the Xetra Deutsche Börse platform under the ticker GXRP since 2022, and has shown a 181% return over the last month. 🔥
🤔 What do market leaders say?
Ripple CEO Brad Garlinghouse noted that global demand for crypto assets has increased in 2024 due to the launch of spot ETFs on Bitcoin and other crypto products for the traditional stock market. "Regulatory clarity in the U.S. is only accelerating this trend," he stated.
📊 Bitwise is not falling behind — their BITB (Bitcoin ETF) and ETHW (Ethereum ETF) are already managing assets worth $10 billion! Recently, the company launched a product based on the Aptos (APT) token on the Swiss exchange SIX.
💭 Your thoughts? XRP in ETFs — a breakthrough or just a trend?
