'Purpose Investments' Submits Preliminary Prospectus for Ripple ETF to Canadian Authorities
JH Kim
Summary
- 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.
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.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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