Key Highlights:

• Purpose Investments has filed a preliminary prospectus for the first-ever XRP ETF.
• The ETF aims to provide long-term exposure to Ripple (XRP) in a regulated framework.
• Purpose Investments continues to lead in the crypto ETF space, following its Bitcoin and Ether ETF successes.

Purpose Investments Set to Launch Groundbreaking XRP ETF

Purpose Investments Inc. (“Purpose”), a pioneer in the digital asset investment sector, has taken a major step toward expanding regulated crypto investment options. The company has officially filed a preliminary prospectus with Canadian securities regulators for the proposed Purpose Ripple ETF, which would be the first XRP exchange-traded fund (ETF) in the world.

Bridging Traditional and Digital Finance

The Purpose Ripple ETF aims to invest substantially all its assets in long-term holdings of XRP, offering investors a transparent and regulated avenue to gain exposure to the digital asset.

“At Purpose, we are committed to innovation and bridging the gap between traditional finance and digital assets,” said Som Seif, Founder and CEO of Purpose Investments.

“With growing institutional interest in XRP, we believe this ETF will provide investors with a familiar and regulated investment structure to access this evolving market.”

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Vlad Tasevski, Chief Innovation Officer at Purpose, added, “This launch is another step toward our mission of being the most trusted partner for investors looking to explore the benefits of crypto and blockchain technologies through regulated investment vehicles.”

Why This XRP ETF Matters

• Institutional Adoption: XRP is gaining wider acceptance in cross-border payments and institutional finance.
• Regulated Exposure: Investors can access Ripple (XRP) without the complexities of managing private keys or unregulated exchanges.
• Market Leadership: Purpose Investments has a strong track record with its Bitcoin and Ether ETFs, further cementing its dominance in digital asset investment.

About Purpose Investments

Purpose Investments is a leading asset management firm with over $23 billion in assets under management (AUM). Known for its client-centric approach and innovation, the firm provides a range of managed and quantitative investment products. Founded by entrepreneur Som Seif, Purpose Investments operates as a division of Purpose Unlimited, a technology-driven financial services company.