Ripple Prime’s ETF Push Tests the Rise of Nonbank Financing
In Ripple news today, Ripple Prime is reportedly providing total-return-swap financing to leveraged exchange-traded fund (ETF) issuers. This marks its entry in a U.S. sector that Morningstar Direct data counts at 593 funds and more than $256 billion in assets. The figure describes the ETFs’ combined assets, not Ripple Prime’s ...
In Ripple news today, Ripple Prime is reportedly providing total-return-swap financing to leveraged exchange-traded fund (ETF) issuers. This marks its entry in a U.S. sector that Morningstar Direct data counts at 593 funds and more than $256 billion in assets. The figure describes the ETFs’ combined assets, not Ripple Prime’s ...
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