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$XRP $BTC Asset manager Purpose Investments has filed a preliminary prospectus with Canadian securities regulators for the proposed launch of the Purpose Ripple (XRP) exchange-traded fund. Purpose was the first to issue spot Bitcoin and Ethereum ETFs, launching on the Toronto Stock Exchange in February and April 2021, respectively. While XRP exchange-traded products (ETPs) are already available globally, the firm hopes to follow up its Bitcoin and Ethereum accolades by offering the world’s first spot XRP ETF, according to a statement Thursday. The ETF seeks to invest substantially all of its assets in long-term investments in XRP and provide ETF unit holders with the opportunity for long-term capital appreciation, Purpose said. “At Purpose, we remain steadfast in our commitment to innovation and bridging the gap between traditional and decentralized finance,” said Som Seif, founder and CEO of Purpose Investments. “As XRP sees growing adoption and institutional interest, we believe an ETF can offer investors a transparent and familiar way to access it within a regulatory framework.”
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#XRPETFIncoming? Asset manager Purpose Investments has filed a preliminary prospectus with Canadian securities regulators for the proposed launch of the Purpose Ripple (XRP) exchange-traded fund. Purpose was the first to issue spot Bitcoin and Ethereum ETFs, which launched on the Toronto Stock Exchange in February and April 2021, respectively. While XRP exchange-traded products (ETPs) are already available globally, the firm hopes to follow its Bitcoin and Ethereum accolades by offering the world’s first spot XRP ETF, according to a statement on Thursday. The ETF seeks to invest substantially all of its assets in long-term holdings of XRP and to provide holders of the ETF units with the opportunity for long-term capital appreciation, Purpose stated. "At Purpose, we remain steadfast in our commitment to innovation and to bridging the gap between traditional and decentralized finance," Purpose Investments founder and CEO Som Seif said. "As XRP sees increasing adoption and institutional interest, we believe an ETF can offer investors a transparent and familiar way to access it within a regulated framework."
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#FedHODL JUST IN: 🇪🇺 Fed doesn't change interest rates, meanwhile European Central Bank President says Bitcoin will not be included in any EU central bank reserves. "Reserves have to be liquid, reserves have to be secure, they have to be safe, and they should not be plagued by money laundering or other criminal activities."
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$BTC $XRP AMMClawback is LIVE. Now we wait for the XRP/RLUSD AMM LP. I think this pool could be massive, and provide #Ripple with very much needed liquidity on the #XRPL.
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eccomi
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