"He was treated at a local hospital and is in stable condition," the rapper's management wrote in a statement to Rolling Stone.
"His family wants to thank everyone for their outpouring of love and support. They ask that you respect their privacy during this time," the statement said.
The "Trap Queen" rapper was riding his motorcycle when he collided head-on with another vehicle, TMZ reports
, adding that paramedics treated Fetty at the scene before transporting him to a nearby hospital to examine him for possible fractures.
An associate of the rapper, DJ Louie Styles, later tweeted photos of an alert Fetty in the hospital and assured fans that "he's ok." In the photo, a splint is seen securing the rapper's leg.
Another Twitter user named DJ Akademiks posted photos of a "responsive" Fetty being stretchered into a waiting ambulance as well as the wreckage the rapper's motorcycle incurred in the crash.
The accident comes just one day after Fetty Wap released his self-titled debut album, which features the hits "My Way," "679" and "Trap Queen." On Thursday, the rapper posted video of himself riding a motorcycle before a concert in Clifton, New Jersey.
Fetty Wap recently spoke with Rolling Stone
about his album.
"Even if the album don't go anywhere, that doesn't mean nothing to me," he said.
"I did what most people said I wouldn't do. And I overcame, I guess you could say, a lot of rookie boundaries. I just shot past what a lot of people expected. Selling the album is what I'm supposed to do in the music industry, not what I wanted to do.
"For the most part, I don't really have a story to tell. It's the same story; everybody come out with the same story. They came from nothing, they got something and now they have everything. It's the story everybody already knows about. I just figured, why keep telling people that they ain't gonna get the chance to live this way?"