In a final update, published Investments Inc., known for launching the first Etf Bitcoin and Ether in the world, A laid A preliminary prospectus with regulators of Canadian securities for the proposed launch of the Ripple FNB for use.
The fund manager with more than 23 billion dollars of assets under management is preparing to launch the first ETF XRP worldwide. In particular, the ETF of Ripple plans to invest almost all of its assets in the long-term assets of Ripple (XRP) and aims to offer FNB holders the possibility of long-term capital growth.
Som Seif, founder and CEO of Purpose Investments, said that the company is dedicated to innovating and connecting traditional finances to decentralized finance. He believes that, as XRP gains more adoption and institutional interest, an FNB would offer investors a clear and regulated means of investing.
Vlad Tasevski, director of innovation, stressed that the launch of the ETF of Ripple Purpose is an important step in their mission to be the best trusted partner for investors seeking to benefit from cryptography and digital assets. “We remain determined to provide exposure to transformative digital assets and blockchain technologies thanks to regulated investment vehicles,” he added.