It has more than doubled in two weeks on several positive catalysts, such as the clearing of regulatory headwinds for closely related Ripple Labs, the launch of money market funds on XRP Ledger, and a technical bullish price analysis.

Ripple, the blockchain giant, is backing Bitwise Asset Management’s revamped Physical XRP ETP, now trading under the ticker GXRP. The rebranding is part of Bitwise’s overhaul of its European product line following its August acquisition of the ETC Group.

WisdomTree, a prominent New York-based asset management firm overseeing $113 billion in assets, has filed for an XRP exchange-traded fund (ETF) with Delaware authorities.

Asset manager WisdomTree overseeing $113 billion in assets, has filed to establish a trust entity in Delaware as a preliminary step toward launching an XRP (CRYPTO: XRP) exchange-traded fund (ETF). What Happened: If successful,

The cryptocurrency market is turning bullish, with several tokens showing strong potential. Three standout coins have displayed remarkable growth,

WisdomTree has joined the list of companies taking the first step toward hopefully issuing an $XRP ETF, causing the token's price to climb and raising hopes for the altcoin's future growth.

Ripple's XRP surged over 7% after WisdomTree registered for XRP ETF in the US, per Eleanor Terret. The company recently launched a low-cost XRP ETP in Europe. XRP could rally toward its April 2021 resistance of $1.