Ripple has announced its intention to invest in the newly rebranded Bitwise Physical XRP ETP, previously known as the European XRP ETP. Following this news, XRP has surged 7.2% to a price of $1.43, marking a 26.8% increase over the past week. Ripple CEO Brad Garlinghouse stated that the investment aligns with the growing interest in crypto exchange-traded products, especially as the U.S. regulatory landscape for cryptocurrencies becomes clearer. He emphasized XRP’s position as a valuable, liquid, and utility-driven digital asset, which makes it a focal point for investors seeking resilience and real-world utility. The investment comes amid ongoing legal battles surrounding XRP's status and an increasing interest from other firms in launching XRP ETFs in the U.S. This development is expected to further fuel the demand for crypto ETPs, which continue to gain traction in the market.

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