Key dealers
- Purpose Investments has debuted Canada’s first XRP site ETF at Toronto Stock Exchange.
- ETF deals under Ticker XRPP and provides direct exposure to XRP with multiple currency options.
Purpose Investments, Canada’s leading crypto ETF supplier, has officially launched the purpose XRP ETF at Toronto Stock Exchange. The fund is the country’s first investment product that offers direct exposure to XRP, the fourth largest crypto asset with market value.
The launch follows Monday’s confirmation that the purpose of investments secured the final OSC approval and would go live on Wednesday. The asset manager submitted an archiving for its proposed ETF in January.
The purpose XRP ETF, Trade under Ticker XRPP, is located in CAD-Hedged, CAD Non-Hedged (XRPP.B) and US Dollar (xrpp.u) units.
Vlad Tasevski, Chief Innovation Officer, commented on the launch, said on a Wednesday on a Wednesday statement The fact that there is a strong investor’s demand in Canada for available digital asset products, and “XRP ETF has been one of the most sought -after digital assets” in its product lineup because of its design for fast, cheap global payments.
“With this launch, we don’t just add another ETF,” Tasevski said. “We expand a platform built to reshape how Canadians gain access to the future of finance. Our track record in digital assets reflects a deep belief in blockchain’s real potential, and we remain focused on trust, access and education to help investors and advisors navigate in this developing space with clarity and confidence.”
ETF has institutional custody through Gemini and Coinbase, which allows investors to keep it in registered accounts, such as TFSA and RRSP. It agrees with the existing digital asset ETF assortment, which includes products that offer exposure to Bitcoin, Ether and Solana.
“Purpose XRP ETF is a streamlined, adviser-ready solution that transforms XRP’s real tool into a safe, investable format,” said Paul Pincente, VP for digital assets in the purpose of investment.
Purpose Investments manages over $ 24 billion into assets and acts as a division of purpose unlimited, led by the contractor as SEIF.
XRP is traded to about $ 2.1 at the press time, a decrease of 3.5% over the past 24 hours, per coinmarketcap data. Digital asset increased about 8% on Monday on news on the purpose XRP ETF launch.
