$248 Million Mutual Fund Invests in Ripple. Does It Matter for XRP?
Kinetics Internet Portfolio, a mutual fund with $248 million in assets, disclosed a direct equity stake in Ripple Labs itself rather than in XRP, according to a newly filed SEC report. The distinction matters. Institutional money is choosing Ripple, the company, over XRP, the token. What the SEC Filing Actually Shows Form NPORT-P is the The post $248 Million Mutual Fund Invests in Ripple. Does It Matter for XRP? appeared first on BeInCrypto.
Key Takeaways
- Kinetics Internet Portfolio, a mutual fund with $248 million in assets, disclosed a direct equity stake in Ripple Labs itself rather than in XRP, according to a newly filed SEC report.
- The distinction matters.
- Institutional money is choosing Ripple, the company, over XRP, the token.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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