Ripple “has emerged as a serious player in providing swap financing to leveraged ETFs”…
Explosive growth of leveraged & highly concentrated ETFs, which rely on swaps for exposure, is bringing new counterparties into the fold.
Like Ripple.
Lucrative business if you’re properly setup to manage it (& its associated risks).
Expect more “alternative” swap counterparties as balance sheets get tapped out on traditional options.
That’s how fast this corner of ETFs is growing.
via
@Vlajournaliste