{"id":148213,"date":"2025-01-31T20:30:28","date_gmt":"2025-01-31T18:30:28","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=148213"},"modified":"2025-01-31T18:05:13","modified_gmt":"2025-01-31T16:05:13","slug":"canadian-firm-seeks-approval-for-worlds-first-spot-xrp-etf","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/canadian-firm-seeks-approval-for-worlds-first-spot-xrp-etf\/","title":{"rendered":"Canadian Firm Seeks Approval for World\u2019s First Spot XRP ETF"},"content":{"rendered":"<p>Purpose Investments has <strong><a href=\"https:\/\/www.purposeinvest.com\/thoughtful\/purpose-investments-files-preliminary-prospectus-for-the-worlds-first-ripple-xrp-etf\" target=\"_blank\" rel=\"nofollow\">filed<\/a><\/strong> for approval to launch the world\u2019s first spot <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\">XRP<\/a><\/strong> ETF, a move driven by rising institutional demand for the digital asset.<\/p>\n<p>The Toronto-based firm, managing over $23 billion in assets, aims to give investors a regulated, transparent way to gain exposure to XRP. CEO Som Seif emphasized the growing adoption of XRP as a key factor behind the decision. If approved, the fund will hold XRP directly, providing a familiar investment structure for traditional market participants.<\/p>\n<p>This would further expand Purpose\u2019s footprint in the crypto ETF space, adding to its existing Bitcoin and Ether offerings. Chief Innovation Officer Vlad Tasevski described the initiative as a step toward making digital assets more accessible to investors.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/microstrategy-ramps-up-bitcoin-reserves-outpacing-capital-targets\/\" title=\"MicroStrategy Ramps Up Bitcoin Reserves, Outpacing Capital Targets\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-magazine-Microstrategy-1200x794-1-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">MicroStrategy Ramps Up Bitcoin Reserves, Outpacing Capital Targets<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Meanwhile, NYSE Arca is also making moves, seeking to convert Grayscale\u2019s XRP Trust into a spot ETF, with Coinbase Custody and BNY Mellon expected to handle asset servicing. The filing is part of a broader wave of crypto ETF applications, with firms vying for approval on products tied to Dogecoin, Solana, Litecoin, and even a Trump-inspired memecoin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Canadian investment firm that made history with the first spot Bitcoin ETF is now setting its sights on XRP.<\/p>\n","protected":false},"author":9,"featured_media":50648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-148213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Canadian Firm Seeks Approval for World\u2019s First Spot XRP ETF<\/title>\n<meta name=\"description\" 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