XRP: Savior or Snake Oil? 🤑

Alright, comrade!

Ah, HashKey Capital, those merchants of digital dreams, have birthed yet another trinket for the bourgeois – a “tracker fund” for the XRP token. They claim it’s the first in Asia, as if that somehow washes away the stench of speculation. 😒

Ripple, that grand puppeteer behind the curtain, is throwing scraps into the pot, “seeding” this venture. How generous of them! Like a landlord “seeding” a slum with promises of gold. 💰

This “product,” carefully crafted for the fat wallets of “professional investors,” is touted as a boon. A boon, I say! For whom? The leeches who profit from the sweat of the working man? It is merely a new chain to bind us to their gilded cage. ⛓️

HashKey, not content with peddling Bitcoin and Ethereum, now sings the praises of XRP. “Institutions and enterprises around the globe are already using it,” they proclaim. As if the mere fact of usage justifies its existence! Remember, comrades, even the Tsar’s knout was “used” extensively. 😠

They dare compare XRP to SWIFT, that relic of capitalist excess. “Faster, cheaper, more efficient,” they bleat. But what of the human cost? What of the exploitation masked by these digital baubles? 🤖

Unlike those “ETFs” that dance like puppets on a string throughout the day, this “tracker fund” lumbers along, traded but once. They call it “lower liquidity.” I call it a slower route to the same inevitable betrayal. 🐌

HashKey whispers of a future where this fund evolves into an ETF, with the blessing of the regulators. Ah, the regulators! Those watchdogs of the wealthy, ever vigilant to protect the interests of their masters. One or two years, they say. As if time itself bends to their will. ⏳

2025-04-18 10:37

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