tl;dr

A purported XRP ETP from Fidelity Investments has caused controversy in the XRP community, but it has been found that the product is actually from Amun AG and not a new offering from Fidelity. This ETP, 100% backed by physical XRP, has sparked speculation about an XRP ETF, but it is important to cla...

A purported XRP ETP from Fidelity Investments has caused controversy in the XRP community, but it has been found that the product is actually from Amun AG and not a new offering from Fidelity. This ETP, 100% backed by physical XRP, has sparked speculation about an XRP ETF, but it is important to clarify that the product is not registered in the U.S. and is not a new launch.


An XRP ETP from 21Shares (Amun) has surfaced on asset manager Fidelity Investments’ web-based platform, sparking mixed reactions and controversy in the XRP community. Notably, the official X account of the Good Morning Crypto podcast shared a screenshot of the XRP ETP displayed on Fidelity Investments’ digital platform. The account touted it as a recent development, insinuating that Fidelity might have unveiled an XRP ETP. However, this is not completely accurate.


Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 22 Nov 24
 22 Nov 24
 22 Nov 24