The company, which manages $ 23 billion, introduced the world’s first Ripple (XRP) ETF!

Grayscale’s XRP Trust spot XRP ETFto convert to SEC to convert to SEC XRP A new move came from Purpose Investments, which managed the $ 23 billion asset, while exciting its investors.

Accordingly, Canadian Asset Management Company Purpose Investments is preparing to launch the world’s first Ripple (XRP) Spot ETF.

At this point, the company reported that the Canadian securities for the XRP ETF offers preliminary prospectus.

The company said that Ripple ETF’s purpose is to invest a significant portion of its assets to long -term XRP assets and to provide the owners of ETF units for long -term capital increase.

Som Seif, the founder and CEO of Purpose Investments He said:

“In Purpose, we are determined in our devotion to innovation and to close the gap between traditional and decentralized finance.

As the adoption and corporate interest of XRP increases, we believe that an ETF can offer a transparent and familiar way to access it within a framework for investors.

This launch represents another important step in our efforts to become the leader and most reliable partner for investors by enabling investors to benefit from the benefits of crypto and digital assets.

Purpose Investments previously launched the world’s first Bitcoin and Ethereum ETFs.

*It is not an investment advice.