$XRP It looks like there's some exciting news in the crypto space, especially for XRP fans. A Canadian asset management firm, Purpose Investments, has just filed a preliminary prospectus to launch the world's first XRP ETF, which is a huge deal ¹. This means that investors will soon have a new way to access XRP through a regulated and traditional investment vehicle. The proposed ETF, called Purpose Ripple ETF, will invest substantially all of its assets in long-term holdings of XRP, providing holders with the opportunity for long-term capital appreciation without having to hold XRP physically.

This move is significant, as it could lead to increased adoption and institutional interest in XRP ¹. The CEO of Purpose Investments, Som Seif, believes that an ETF can offer investors a transparent and familiar way to access XRP within a regulated framework. With this development, we can expect to see more altcoin ETFs in the future, possibly including ones for Solana, Litecoin, and Cardano ¹.

Grayscale, another major player in the crypto investment space, is also seeking SEC approval to convert its $16M XRP Trust to an ETF ². This could further increase mainstream investment access to XRP and other cryptocurrencies. While there's no direct XRP ETF available in the US market yet, investors can still gain indirect exposure to the digital asset through other investment products ³.

Overall, it's an exciting time for XRP and the broader crypto market, with more investment opportunities and products emerging ⁴. ¹ ² ⁴