Reaper Finance CEO Patrick L. Riley tweeted that Arrington Capital, a digital asset investment management company, has submitted an XRP-based hedge fund application to the US Securities and Exchange Commission (SEC). According to the application information, the name of the hedge fund is “Arrington XRP Capital”, which is a multi-strategy hedge fund investing in early venture capital and the public market. In addition, Michael Arrington, founder of TechCrunch, CrunchBase and Arrington Capital, posted a photo with Ripple CEO Brad Garlinghouse on Twitter today.