Purpose Investments receives regulatory nod to launch spot XRP ETF

Description

Purpose Investments, an asset manager with over $24 billion in assets under management, has announced the launch of its Purpose XRP exchange-traded fund on June 18, 2025. The Canada-regulated firm announced on Monday, June 16 that it had secured the final approval for its Purpose XRP ETF prospectus. With this approval Purpose can now unveil its Ripple ( XRP ) ETF for public trading on the Toronto Stock Exchange, a milestone that will see the asset manager launch the fund under the ticker XRPP. “...