- The corresponding position has already appeared on the company’s website
- Previously, the CEO of Ripple announced the imminent outcome of the case against the SEC
- Experts believe that the company can win a landslide victory
- The hedge fund in this case will significantly accelerate the spread of XRP
Apparently, the SEC litigation against Ripple is close to completion. And the first changes in the situation were felt, oddly enough, by large investors from Wall Street. So, for example, Arrington Capital has already managed to apply for registration of a new fund in XRP.
This is stated by CEO Reaper Financial and presidential candidate Patrick Riley. He published corresponding message on Twitter yesterday, July 2.
Under this statement was also a photo of Michael Arrington with Ripple CEO Brad Garlinghouse. What’s more, Arrington Capital’s website actually has a new item in the available products section:
The SEC has not yet commented on the application. Note that the CEO of Ripple stated earlier that the case is moving towards its outcome. Moreover, he places great hopes on Hinman’s documents, which the court allowed to be made public.
If approved, the new hedge fund will open the Ripple ecosystem to institutional investors. It is somewhat easier to register such a product than, for example, an ETF. But he is still obliged to comply with the requirements of the regulator in the context of anti-AML measures.
Interestingly, Arrington Capital decided to apply now. Recall, the Securities and Exchange Commission (SEC) wrapped up all applications for the registration of a spot bitcoin-ETF, noting that they lack transparency.