Asset Manager Purpose Investments is about to launch an XRP spot
Stock market negotiated funds (ETF) in Canada this week after obtaining regulatory approval, giving investors a way to expose themselves to the fourth largest cryptocurrency by market capitalization through traditional investment accounts.
The ETF will start to negotiate on the Toronto Stock Exchange on Wednesday, June 18, under Ticker XRPP, according to a press release on Monday. This decision comes after the Ontario securities committee (CSO) has granted a final prospectus receipt for the investment vehicle, said the company.
XRP has increased by almost 7% in the past 24 hours after the news, surpassing bitcoin
and the Coindesk 20 index on the wide market.
“The granting by the OSC of a receipt for the purposes of Prospectus ETF XRP strengthens the world leadership in Canada in the creation of a regulated digital asset ecosystem,” said Vlad Tasevski, director of innovation at Publicy Investments, in a press release.
Investments for the aim in 2021 launched in Canada the first ETF Bitcoin in the world, years before the approval of vehicles in the United States
Read more: XRP Spot ETF in the United States approaches reality
