CNBC Spotlights XRP: Hundreds of Millions Have Poured In
Main Idea
CNBC highlights the significant influx of hundreds of millions into XRP-focused funds, with 2Cream Trading's XRP fund becoming its most successful in 16 years, signaling growing institutional interest and market momentum for XRP.
Key Points
1. 2Cream Trading's XRP fund, launched 16 weeks ago, has become the company's most successful fund in its 16-year history, attracting unprecedented investor demand.
2. Sal Gilbertie, President and CEO of 2Cream Trading, noted the unmatched momentum behind XRP, leading the firm to pivot into crypto despite its traditional focus on agricultural-based ETFs.
3. The fund's success indicates a significant expansion into alternative digital assets, beyond the usual Bitcoin and Ethereum-focused ETFs.
4. Institutional interest in XRP is growing, with many investors betting on XRP's future despite ongoing regulatory challenges with the SEC.
5. XRP's expanding footprint in the ETF world is seen as a defining moment, with some comparing its current trajectory to the internet's rise in the 1990s.
Description
XRP is making waves once again, this time in the institutional investment world. In a recent CNBC segment shared by crypto commentator Xaif, the spotlight turned to XRP’s growing popularity among fund managers and investors. Sal Gilbertie, President and CEO of 2Cream Trading, revealed that a newly launched leveraged XRP derivatives fund has attracted “hundreds of millions of dollars,” making it the most successful fund in the company’s 16-year history. Speaking with CNBC’s Dom Chiu, Gilbertie ex...
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