Faster global financial news!
XRP fund Evernorth listed on Nasdaq today, facing a $450 million valuation gap due to the decline in XRP price.
Evernorth Holdings rang the closing bell at Nasdaq today under the ticker XRPN, marking the listing of the first public fund based on the XRP token. However, since the trading terms were finalized in late 2025, the price of XRP has fallen sharply, leading to a nearly $450 million book valuation gap for Evernorth's assets. The U.S. Securities and Exchange Commission (SEC) has imposed a six-month lock-up period on shares held by insiders such as Arrington, Larsen, and Ripple, to prevent immediate selling.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Middle East Tensions Escalate: 24 Ships Attacked in Strait of Hormuz in Two Weeks, Oil Exports Plummet by 81.3%; Houthis Designate Saudi Aramco Facilities as "Legitimate Targets"
-
2
Experts find no evidence Ukraine's data centre strikes impacted Russian bot networks, despite Zelensky's claims
-
3
U.S. existing home sales in September rose to 3.99 million units, exceeding expectations with a 1.5% month-over-month increase, while the median price reached a new high for the period, according to NAR data.
-
4
Nikkei 225 rose 0.3%, as investors may be adjusting positions ahead of the release of US CPI data.
-
5
Yemen's Houthi group claims to be responding to Saudi attacks on Sanaa.
-
6
Trezor announced it will reduce its authorized reseller network to strengthen supply chain security, following reports of hardware implant attacks on Ledger wallets.
-
7
Ripple's new partner, Canton Network, facilitated S&P Dow Jones Indices' first on-chain transaction involving a fully tokenized index.
-
8
Goldman Sachs: Brazil's First-Round Election Results Trigger "Busiest Week Ever," Foreign Investors Bet on Bolsonaro Victory
-
9
Zest Protocol Sets Oct. 23 Deadline for aeUSDC Exit on Stacks V1
-
10
South Korean stocks opened higher on Wednesday, with the KOSPI index rising 0.44% at the open and climbing 1.83% to 6,146.01 points as of 9:15 AM, after plunging 5.46% the previous day due to AI concerns.
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
