Last time, he said that $10 for $XRP was just the beginning.
Today, I met with him again.
But this time, it wasn't me asking the questions, it was you.👇🧵
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Fund structure: Cayman LLC backed by assets!
The fund is a Cayman LLC, with shares secured by digital assets.
No staking, only cash creations/redemptions.
No protection under the 1940 Act.
Shares provide fractional ownership, making access to crypto efficient and regulated.
🚨 The Grayscale Digital Large Cap Fund launches today!
This is the first multi-asset crypto ETP in the US with $XRP in its basket
What does that mean?👇🧵
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OUTLOOK FOR RIPPLE: STRENGTHENING THE ECOSYSTEM AND GLOBAL GROWTH!
The launch of XRPR strengthens Ripple: More than 60 regulatory licenses, partnerships with BBVA (Spain, Turkey, Switzerland).
This stimulates the use of XRP in payments, ODL. Analysis: ETFs attract institutional investors, potentially increasing liquidity and adoption in DeFi/NFT.
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COMPARISON WITH OTHER ETFs: XRPR VS BTC/ETH AND ALTS!
$XRPR is the first spot for $XRP, like BTC ETF in 2024 (inflows $30B+).
Not a pure spot (40%+ in XRP, the rest in derivatives), but it opens the door for 11 other XRP applications. CME options on XRP futures on October 13 will add liquidity.
This is a step towards the alt-ETF season, like ETH in May 2024!
As mentioned, there was a slight pump of 30%.
Now we can observe another lull before the pump or dump. What do you think?
Then I will share my opinion.
$AVNT
https://t.co/DgV8NynsEc
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FOMO FACTOR: WHY THIS IS A GENERATIONAL MOMENT FOR CRYPTO!
MoonPay is evolving into a global payments giant - a “tipping point”! Early investors in MoonPay/Meso will see a boost.
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IMPLICATIONS FOR THE INDUSTRY: A BRIDGE BETWEEN FINANCE AND BLOCKCHAIN!
The acquisition strengthens MoonPay's infrastructure by integrating tradfi with crypto.
Potential: Faster, more secure global transactions. This is a trend - companies like MoonPay are capturing the market by making crypto mainstream.