ASSET MANAGER Purpose Investments is configured to launch an XRP spot
Background quoted in the stock market (ETF) in Canada this week after obtaining regulatory approval, which gives investors a way to obtain exposure to the fourth largest cryptocurrency for market capitalization through traditional investment accounts.
The ETF will begin to quote on the Toronto Stock Exchange on Wednesday, June 18, under the XRPP ticket, according to a press release from Monday. The measure is produced after the Ontario Securities Commission (OSC) granted the final receipt of the prospect for the investment vehicle, the company said.
XRP increased almost 7% in the last 24 hours after the news, surpassing Bitcoin
and the Broad Market Coindesk 20 index.
“The granting of the OSC of a receipt for the purpose XRP ETF Prospectus reinforces the global leadership of Canada in the construction of a regulated digital asset ecosystem,” said Vlad Tasevski, director of Innovation of Purpose Investments, in a press release.
Purpose investments in 2021 launched in Canada the first Bitcoin ETF spot in the world, years before the approval of vehicles in the United States
Read more: XRP Spot ETF in the United States approaches reality
