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'Purpose Investments' Submits Preliminary Prospectus for Ripple ETF to Canadian Authorities

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JH Kim
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  • Purpose Investments has submitted a preliminary prospectus for a Ripple ETF to Canadian securities regulators.
  • The company stated that it is moving to launch a Ripple ETF ahead of the United States.
  • Purpose has previously launched Bitcoin and Ethereum spot ETFs.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

Eleanor Terrett, a reporter for Fox Business, reported on the 31st (local time) via X (formerly Twitter) that "Canadian asset manager Purpose Investments is moving to launch a Ripple ETF ahead of the United States."

Purpose Investments has submitted a Preliminary Prospectus for the launch of a Ripple ETF to the Canadian securities regulators, and the company has also recently submitted a preliminary prospectus for a Solana (SOL) ETF.

Previously, Purpose Investments launched Bitcoin (BTC) and Ethereum (ETH) spot ETFs on the Toronto Stock Exchange in 2021.

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