8 hours ago
Asset manager Purpose Investments is acceptable to motorboat a spot XRP XRP exchange-traded money (ETF) successful Canada this week aft obtaining regulatory approval, giving investors a mode to summation vulnerability to the fourth-largest cryptocurrency by marketplace capitalization done accepted concern accounts.
The ETF volition commencement trading connected the Toronto Stock Exchange connected Wednesday, June 18, nether the XRPP ticker, according to a Monday property release. The determination comes aft the Ontario Securities Commission (OSC) granted last prospectus receipt for the concern vehicle, the institution said.
XRP was up astir 7% implicit the past 24 hours pursuing the news, outperforming bitcoin BTC and the broad-market CoinDesk 20 Index.
"The OSC’s granting of a receipt for the Purpose XRP ETF prospectus reinforces Canada’s planetary enactment successful gathering a regulated integer plus ecosystem," Vlad Tasevski, main innovation serviceman astatine Purpose Investments, said successful a property release.
Purpose Investments successful 2021 launched successful Canada the world's archetypal spot bitcoin ETF, years earlier the vehicles' support successful the U.S.
Read more: XRP Spot ETF successful the U.S. Moves Closer to Reality
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