The news about Ripple and leveraged ETFs has everything except $XRP
According to the WSJ, Ripple Prime is financing the Tradr 2X Long SNDK fund, which delivers twice the daily movement of Sandisk stock. The fund pays Ripple the overnight bank funding rate plus four points, which works out to about 8% annually.
A normal prime brokerage business. 593 leveraged ETFs hold over $256 billion—there’s plenty of room to grow.
But:
- Ripple hasn’t disclosed its revenue
- It hasn’t said how much of this runs through XRP or the XRP Ledger
- There’s no indication anywhere whether RLUSD or XRP is involved in these deals
I don’t own XRP, so I’ll say it plainly: when a company grows like a bank, that doesn’t automatically mean the token will grow too. They’re separate balance sheets.
#Ripple #ETF
According to the WSJ, Ripple Prime is financing the Tradr 2X Long SNDK fund, which delivers twice the daily movement of Sandisk stock. The fund pays Ripple the overnight bank funding rate plus four points, which works out to about 8% annually.
A normal prime brokerage business. 593 leveraged ETFs hold over $256 billion—there’s plenty of room to grow.
But:
- Ripple hasn’t disclosed its revenue
- It hasn’t said how much of this runs through XRP or the XRP Ledger
- There’s no indication anywhere whether RLUSD or XRP is involved in these deals
I don’t own XRP, so I’ll say it plainly: when a company grows like a bank, that doesn’t automatically mean the token will grow too. They’re separate balance sheets.
#Ripple #ETF