New $100 Million Cryptocurrency Hedge Fund to Use XRP

TechCrunch and CrunchFund founder Michael Arrington has announced he is going all in on cryptocurrency investments with a new hedge fund called Arrington XRP Capital. As the name suggests, the fund will be managed in Ripple’s XRP but it will invest in a wide variety of cryptocurrency assets and Initial Coin Offerings (ICOs) as well as private equity offerings. Also Read: Bitfinex Faces Further Scrutiny Over Tether Liquidity Concerns $100 Million in XRP Investments New $100 Million Cryptocurrency Hedge Fund to Use XRPAccording to Arrington, the $100 million cryptocurrency hedge fund has commitments from investors for over $50 million already, and they plan to begin trading in the next few weeks. Other than the founder, two additional partners in the venture are former CEO of TechCrunch Heather Harde and veteran technology executive Geoffrey Arone. This move is another strong indication of just how much cryptocurrency is recently becoming a mainstay in Silicon Valley…
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