$XRP Purpose Investments Waives Fees for its XRP ETF Until 2026
In a strategic move to attract more investors, Purpose Investments Inc., a recognized manager of exchange-traded funds (ETFs) for digital assets, has announced that it will eliminate management fees for its Purpose XRP ETF (CAD Covered) until February 1, 2026.
According to Odaily, this ETF is currently the only one in the market that offers exposure to XRP with units covered in Canadian dollars (CAD). Previously, the fund charged a management fee of 0.89%, but this temporary measure aims to encourage the adoption of the product among traders and investors interested in Ripple (XRP).
This decision reflects the growing competition in the cryptocurrency ETF space, where companies seek to differentiate themselves through cost reductions and benefits for customers. Purpose Investments, known for its innovative digital investment products, seems to be betting on consolidating its leadership in the Canadian crypto-ETF market.
Investors in XRP will now have the opportunity to access this investment vehicle without management costs for more than a year, which could increase liquidity and interest in the digital asset.
Will this be an effective strategy to boost XRP adoption in the institutional market? Time will tell, but it is undoubtedly positive news for cryptocurrency enthusiasts in Canada.
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