EddieJayonCrypto
8 Jan 24
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.
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