Arrington Capital files with SEC to approve XRP-based hedge fund

New XRP Ledger Update Promotes Network Decentralization: David Schwartz

Arrington Capital is unfazed by the ongoing Ripple lawsuit as it files for an XRP-based hedge fund with the SEC.
Patrick L. Riley the CEO of Reaper Financial, said on Twitter that Arrington Capital, a blockchain-based digital asset management firm founded in 2017, recently filed with the SEC to set up an XRP-based hedge fund.

“Arrington recently filed with the SEC to set up a hedge fund based on XRP. It looks like everything will be fine, ”he wrote.

According to website Arrington XRP Capital is a multi-strategy hedge fund investing in early stage venture capital and public markets.

According to the SEC’s investor guidance, hedge funds are exempt from certain rules “designed to protect investors.”

Some hedge fund managers may not be required to register or file public returns with the SEC, depending on the number of hedge fund assets recommended by the manager.

However, hedge funds are subject to the same anti-fraud regulations as other market participants, and their managers have a fiduciary obligation to the funds they manage.

The XRP Hedge Fund, if approved, will expand XRP’s access to institutional investors.

According to CoinShares, a digital asset investment firm offering exchange-traded cryptocurrencies (ETP) products, digital asset investment products saw their biggest weekly inflow since July 2022 totaling $199 million, correcting almost half of the previous nine consecutive weeks of outflows.

According to its latest report, ETP trading volumes have grown by an average of 170% this year to $2.5 billion.

XRP received a small part of an influx of just $0.24 million, while a week earlier XRP received an influx of $1.1 million.

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