The post Bitwise Rolls Out XRP ETP on Deutsche Börse appeared on BitcoinEthereumNews.com.

Bitwise Physical XRP ETP (GXRP) has been launched on Germany’s Deutsche Börse Xetra. An analyst has predicted that XRP could hit $30 if it successfully captures 3-4% of the global financial market. According to reports, Bitwise Asset Management is renaming its European XRP Exchange-Traded Product (ETP) as Bitwise Physical XRP ETP (GXRP). This is part of the effort to rebrand its European product suite to enable investors to gain exposure to XRP. As captured in a press release, the product is trading on Germany’s Deutsche Börse Xetra with over $80,000,000 in Assets Under Management (AUM). For our European investors: Today, we’re excited to introduce the Bitwise Physical XRP ETP (GXRP) with over $80,000,000 in AUM. GXRP is trading on Germany’s Deutsche Börse Xetra and provides institutional-grade access to the asset. We’re also proud to share that Ripple is an… pic.twitter.com/LOhWMtWh6D— Bitwise (@BitwiseInvest) November 27, 2024 Commenting on this, the CEO and Co-Founder at Bitwise, Hunter Horsley, lauded XRP and the XRP Ledger as one of the most trusted blockchains with incredible track records. XRP and the XRP Ledger are among the most familiar and trusted blockchains in crypto. XRPL is unique with over 10 years of track record in reliability while continuing to expand in capabilities. We’re thrilled to be providing access for investors through an institutional quality product with the Bitwise Physical XRP ETP (GXRP). XRP is currently the sixth largest crypto, with a market cap of $83 billion. According to the report, its popularity was motivated by the expanding use of the XRPL in areas such as cross-border payment, Real World Tokenization, Institutional Decentralized Finance (DeFi), etc. The blockchain is also known for its incredible speed, efficiency, and reliability. Brad Garlinghouse’s Comment and XRP Price Prediction Ripple CEO Brad Garlinghouse believes that XRP has recorded an explosive demand for…

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Filed under: News - @ November 28, 2024 11:14 pm