Emre Yumlu 
Purpose Investments Inc. has submitted a preliminary prospectus to Canadian securities regulators for the world’s first Ripple (XRP) spot ETF.
This ETF plans to allocate the majority of its assets into XRP, aiming to provide investors with long-term capital appreciation opportunities within a regulated framework. The ETF intends to make XRP more accessible to investors, offering the potential for growth and returns.
Purpose Investments, with over $23 billion in assets under management, has achieved significant success by launching the world’s first Bitcoin and Ethereum ETFs. The company’s founder, Som Seif, pointed to the rise in institutional adoption of XRP as a key driver for this product innovation. Seif noted that the increasing institutional acceptance of XRP will make it easier for investors to access the digital asset and that the ETF will lower barriers to investor participation.
If this XRP ETF product is ultimately approved, its details will be reviewed by the Canadian Securities Commission. Transaction fees, risk terms, and other elements will be outlined in the final prospectus. Approval of the ETF could make XRP a more attractive option for institutional investors and create a significant milestone in the cryptocurrency space.
Purpose Investments CEO: “XRP ETF Will Offer Transparent Access to Investors”
Purpose Investments’ founder and CEO, Som Seif, said, “At Purpose, we remain committed to innovation and bridging the gap between traditional and decentralized finance. With the growing adoption and institutional interest in XRP, we believe an ETF can provide investors with transparent, familiar access within a regulated framework.”
Vlad Tasevski, Chief Innovation Officer, added: “This launch represents another important step in our efforts to be the leading and most trusted partner for investors in harnessing the benefits of crypto and digital assets. We will enable them to understand, access, and confidently invest in these assets. We remain committed to providing exposure to transformative digital assets and blockchain technologies through regulated investment vehicles.”
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