Markets
Evernorth Lists XRPN on NASDAQ With a $450 Million XRP Treasury Markdown
COINOTAG·October 14, 2026·1 min read
Evernorth's XRPN fund began trading on NASDAQ after its SPAC merger, carrying a $450 million paper markdown on a 473 million XRP treasury. The listing marks a significant move for XRP-backed investment products, though the markdown reflects current market valuation challenges. Investors can now trade XRPN on a major U.S. exchange.
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