XRP Hedge
https://genesis.vision/investor/funds/xrp-hedge
A 99% XRP fund functioning like a XRP/GVT trading pair on the GV platform (A GV fund must hold two or more assets). This fund can also be used to go long on XRP as part of a multi-fund and/or multi-program strategy.
The rationale behind establishing the XRP Hedge is that it is:
a base currency on a major retail exchange (Binance)
also listed on several other large and reputable exchanges,
known to be an asset that is being used to establish large pools of liquidity globally across different financial institutions (banks, money transmitters and other such non-bank financial institutions), and
not featured in the GV multicurrency wallet.
Therefore the fund was established to provide investors with another option for denominating their base currency in a highly liquid coin with a strong institutional reputation and backing - though highly controversial amongst retail speculators and seen not to share the 'cypherpunk' ethos that characterised BTC and most cryptocurrency projects prior to the 2017 bull run.
JL
This blog is not financial advice. This is an independent blog. Please do your own research. You are responsible for your own investment decisions. The views and opinions expressed in this article are those of the author(s), and do not necessarily reflect the views and opinions of Genesis Vision or its affiliates.