Purpose Investments to Launch Canada’s First XRP ETF

Description

Following its previous successes with Bitcoin and Ethereum ETFs, asset manager Purpose Investments filed a preliminary prospectus with Canadian securities regulators on Thursday. The filing intended to launch what would become the world’s first XRP ETF in Canada and provide investors with a regulated opportunity for long-term exposure to XRP and potential capital gains. If approved, the new product would operate as a spot XRP ETF, offering a regulated method for securing long-term exposure to XR...