The Ripple Effect: World’s Largest Crypto Asset Manager Says XRP Is the Only Rising Investment Trust in Market Slump
The company offers exposure to eight cryptocurrencies through separate securitized products that charge a management fee. These funds, known as quasi-ETFs, allow investors to bet on the price action of the underlying assets. In addition to the market price of the asset, a product’s popularity can also affect its price.
Grayscale’s XRP Investment Trust rose3.2% from November 16th through the 19th. Meanwhile, Bitcoin Cash posted a -24% decline. Double-digit declines were also reported for their Ethereum, Ethereum Classic, Litecoin and Zen (formerly Zencash) investment trusts.
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Well I think ill have to stock up on ripple and then mass sell it gotta go where the money is no matter how much you hate a coin lol
watch up with the underlying assets