HISTORIC LAUNCH: THE FIRST ETF OF $XRP YA IS HERE!
What great news! It turns out that Purpose Investments has just made history by launching the first spot XRP ETF in Canada. This is a turning point for the crypto world in North America.
This ETF, which you can find as XRPP, received the green light from the Ontario Securities Commission (OSC) last Monday. For me and other investors (whales), this means direct access to XRP, which, in case you didn't know, is the fourth largest cryptocurrency. And the best part is that it is available in both Canadian dollars (XRPP.B) and US dollars (XRPP.U).
From what I read from Vlad Tasevski, the Director of Innovation at Purpose Investments, there is a huge demand for digital products in Canada, and the "XRP ETF" is one of the most sought after. And with good reason! It is designed to make global payments fast and cheap.
In my opinion, this is part of how they are expanding the way Canadians invest, strongly betting on the potential of blockchain. I love that they focus on trust, access, and education so that we can all navigate this crypto space more safely.