Arrington recently filed with the SEC for an XRP-based Hedge Fund
Patrick L. RileyReaper Financial CEO hints at an exciting development for XRP. Arrington Capital, a digital asset management firm in blockchain-based capital markets founded in 2017, recently filed with the SEC for an XRP-based hedge fund, he said on Twitter. Riley added one piece of good news: “Hopefully everything turns out well.” Reaper CEO tweeted, “Arrington recently filed with the SEC for an XRP-based hedge fund. Looks like everything is expected to go well.”
Hedge funds pool investors’ money and invest it in the hope of positive returns. Typical investors include institutional investors such as pension funds and insurance companies, and wealthy individuals. Some hedge fund managers may not be required to register or file public reports with the SEC, depending on the number of assets in the hedge fund advised by the manager. Digital asset investment products saw the largest single-weekly inflows since July 2022, totaling $199 million, correcting nearly half of outflows for the past nine consecutive weeks, according to CoinShares, a digital asset investment firm that trades with cryptocurrency exchanges. Offers Exchange Traded Products (ETPs).
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