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TechCrunch Founder Arrington Raising $100 Million Ripple XRP Fund

Category: General

Announced today at CoinDesk's Consensus: Invest in New York, TechCrunch founder Michael Arrington revealed he's raising $100 million for a hedge fund that will buy and hold crypto assets while making investments in token sales and (some) equities and debt.

Launched under a new entity called Arrington XRP Capital, the fund claims to be the first that will require all limited partners (LPs) to make investments in XRP, the cryptocurrency that powers San Francisco startup Ripple's RippleNet software. The fund will also use XRP for all distributions and fees.

https://www.coindesk.com/techcrunch-founder-arrington-raising-100-million-ripple-hedge-fund/


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