💢XRP ETF Gains Traction as Canadian Firm Aims to Outpace US Competitors💢
👉Purpose Investments Moves Forward with XRP ETF
Purpose Investments has filed to create a Purpose Ripple (XRP) ETF in Canada, aiming to bring long-term gains to investors by focusing on XRP holdings.
👉A Familiar Investment Option
The company launched successful Bitcoin and Ethereum ETFs in Canada back in 2021, and now they're expanding with the world’s first spot XRP ETF. As XRP adoption grows and more institutions show interest, Purpose sees this ETF as a straightforward way for investors to get involved within a regulated framework.
👉Canadian Advantage
Although U.S. companies like Grayscale, Bitwise, and others have applied for their own XRP ETFs with the SEC, Canada often approves ETFs faster. This could mean that Purpose’s XRP ETF might launch ahead of U.S. counterparts, especially since the U.S. is still waiting on feedback from the SEC.
👉Growing Investor Interest
The chances of an XRP ETF being approved in the U.S. are rising, with Polymarket showing an 82% probability. Investors are keeping a close eye on the SEC’s next move.
🔴XRP Price Action
Currently, XRP is in a consolidation phase with a slight downward trend. If it falls below $2.62, it may find support. However, if it holds above the upper boundary, it could potentially challenge its all-time high of $3.55.
Purpose Investments is betting that this ETF will offer investors an easy, transparent way to tap into the growing potential of XRP—before others catch up.
$XRP #MicroStrategyAcquiresBTC #XRPPriceTargets
