Purpose Investments Seeks Approval for Canada’s First XRP ETF

• Purpose Investments files for the first-ever Ripple (XRP) ETF in Canada.
• Growing interest in crypto ETFs as regulations evolve, with more expected in 2025.
• Purpose leads with crypto ETFs, following its Bitcoin ETF success in Canada.

Purpose Investments, a Canadian asset management firm, has filed a draft proposal for the world’s first exchange-traded product based on the spot value of Ripple (XRP).

Following its role as the leader behind the first Bitcoin and Ether ETFs, Purpose Investments is now seeking to break new ground in the Ripple market. The company has filed the required documentation with Canadian securities regulators to introduce the Purpose Ripple ETF. This ETF is intended to invest in long-term holdings of XRP, creating an innovative way for investors to gain access to the digital asset in a legal environment.

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