Canadian asset management company Purpose Investments submit Ripple (XRP) ETF preliminary prospectus

Panews News on January 31. According to the official announcement, Canadian asset management company PurPose Investments Inc. has submitted the preliminary prospectus of the world's first Ripple (XRP) spot ETF to Canadian securities regulatory agencies. The ETF plans to invest most of its assets in XRP to provide investors with long -term capital value -added opportunities under the regulatory framework. Purpose Investments management assets management of assets exceeded 23 billion US dollars. Earlier, the world's first Bitcoin and Ethereum ETF were launched. The company's founder SOM Seif said that the growth rate of XRP institutions promoted the innovation of this product, and ETF will reduce the threshold for investor participation. If it is finally approved, the product must pass the Canadian Securities Commission for review, and the specific transaction costs and risk clauses shall prevail.