TechCrunch Founder Michael Arrington starting a $100 Million Ripple Hedge Fund that only accepts XRP. http://www.ThinkingCrypto.com This was announced today and the name of the Hedge Fund is Arrington XRP Capital and is a cyrptocurrency investment fund. http://arringtonxrpcapital.com The fund claims to be the first that will require all limited partners (LPs) to make investments in XRP. Joining Arrington in the fund will be Heather Harde, a former CEO of TechCrunch, as well as two other unnamed partners. Arrington said that the fund has $50 million committed to date, with an eye to close it before the year's end. What does this mean for XRP?
-More institutional money involved in XRP.
-More usage of XRP for trading and investing etc.
-More trust in XRP
-Expect this to contribute to the increase in XRP price long term
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