Purpose Investments Proposes World’s First XRP ETF
- Purpose Investments has filed a preliminary prospectus to launch an XRP exchange-traded fund (ETF) in Canada.
- The company previously pioneered Bitcoin and Ether ETFs.
- If approved, this would be the first XRP ETF globally.
- Purpose Investments manages over $23 billion in assets.
- The proposal aims to bridge traditional and decentralized finance, offering a regulated investment option for XRP.
Purpose Investments seeks to introduce the world’s first XRP ETF, having submitted a preliminary prospectus to Canadian regulators. The firm, managing over $23 billion in assets, aims to merge traditional finance with blockchain technology through this initiative.
Source (2.6)https://coingape.com/canadian-asset-manager-purpose-investments-to-launch-worlds-first-xrp-etf/?rand=24432
