XRP treasury Evernorth debuts on the Nasdaq: What crypto investors should know

00:00 Speaker A

Second story, Evernorth XRP Treasury Merger brings 473 million XRP to Nasdaq as XRPN debuts October 12th. checks calendar today. Today. XRPN launching today.

00:12 Speaker A

So yes, this was already trading on markets, but the big news here is that the merger is complete and we really haven't had a major treasury company launched to the public market in quite a long time. We all know that the treasury bubble popped and massively cooled.

00:27 Speaker A

So now we'll get to see how a wrapper of XRP in a specific merged company trading on public markets will perform versus XRP itself. Will this company that obviously is trying to increase XRP per share, much like strategy is trying to increase Bitcoin per share, will this company find ways to outperform XRP using this wrapped public market vehicle?

00:54 Speaker A

I find the timing very interesting because this is obviously arriving into a much more skeptical market that the first wave encountered, but maybe this will be a second more conservative and and realistic wave of treasury company launches. Very hard to know.

01:14 Speaker A

Uh, but uh we're going to see how it performs and like I said, it did just launch today. So Treasury companies have been one way that people have

01:21 Speaker A

looked to gain exposure to Bitcoin and other crypto assets in an institutional wrapper.