It has been revealed that Canadian asset management firm Purpose Investments has obtained listing approval for its XRP spot exchange-traded fund (ETF). The company announced on Monday that it has received approval for the "final prospectus receipt," which is the last stage necessary to begin fund trading. Following this news, XRP increased further, rising by 8%.
The fund trading under the ticker symbol "XRPP" is scheduled to start trading on the Toronto Stock Exchange on June 18. According to the press release, it will be the first XRP spot fund approved in North America.
Purpose Investments submitted a preliminary prospectus for an XRP spot fund in Canada on January 31. The ETF is designed to provide investors with direct exposure to XRP without having to hold XRP directly.
In addition, similar spot and futures-based products have already started trading in other regions, and in Brazil, Hashdex's 'XRPH11' was listed in April, achieving the world's first XRP spot ETF.
XRP News and Price
A thorough explanation of investment merits and risks
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XRP price rises 8%, Spot ETF is scheduled for listing in Canada on the 18th, the first in North America.
It has been revealed that Canadian asset management firm Purpose Investments has obtained listing approval for its XRP spot exchange-traded fund (ETF). The company announced on Monday that it has received approval for the "final prospectus receipt," which is the last stage necessary to begin fund trading. Following this news, XRP increased further, rising by 8%.
The fund trading under the ticker symbol "XRPP" is scheduled to start trading on the Toronto Stock Exchange on June 18. According to the press release, it will be the first XRP spot fund approved in North America.
Purpose Investments submitted a preliminary prospectus for an XRP spot fund in Canada on January 31. The ETF is designed to provide investors with direct exposure to XRP without having to hold XRP directly.
In addition, similar spot and futures-based products have already started trading in other regions, and in Brazil, Hashdex's 'XRPH11' was listed in April, achieving the world's first XRP spot ETF.
XRP News and Price
A thorough explanation of investment merits and risks
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