XRP ETF Approval Sought by Purpose

Purpose Investments Proposes World’s First Spot XRP ETF

• Purpose Investments filed a prospectus for the first spot XRP ETF.
• The ETF aims for long-term capital appreciation through direct XRP holdings.
• Purpose manages over $23 billion in assets and launched the first spot Bitcoin ETF.
• XRP is the third-largest crypto asset by market cap.
• The launch is pending regulatory approval from Canada’s securities regulator.

Purpose Investments seeks to expand its digital asset offerings with a proposed spot XRP ETF, aiming to provide investors with a regulated way to access XRP. The firm previously launched the world’s first spot Bitcoin ETF and manages over $23 billion in assets.