Purpose Investments Inc. Sets New Standards in Digital Assets
On January 30, 2025, Purpose Investments Inc., renowned for pioneering the world’s first Bitcoin ETF and Ether ETFs, announced its intent to strengthen its leadership in the digital asset sector. The company has filed a preliminary prospectus with Canadian securities regulators for the upcoming Purpose Ripple ETF.
The Purpose Ripple ETF: A Venture into Ripple (XRP)
The Purpose Ripple ETF aims to primarily invest in long-term positions of Ripple (XRP), offering ETF unit holders a pathway to potential long-term capital growth. This initiative embodies Purpose’s vision to innovate and evolve within the realm of decentralized finance.
Commitment to Innovation and Accessibility
Som Seif, Founder and CEO of Purpose Investments, emphasized the firm’s dedication to integration between traditional finance and decentralized systems. “As XRP gains traction and institutional interest flourishes, we believe that an ETF provides a clear and recognizable avenue for investors to engage with it in a regulated environment,” he stated, highlighting the transformative growth in the digital asset landscape.
Paving the Way for Confident Investments
Vlad Tasevski, Chief Innovation Officer, reiterated the company’s mission: “This launch marks a significant milestone in our journey to become the foremost, trusted partner for investors looking to navigate the benefits of crypto and digital assets. We aim to empower individuals to confidently explore these opportunities through regulated investment options.” The focus remains steadfast on providing access to revolutionary digital assets and blockchain technology.
About Purpose Investments Inc.
Purpose Investments is an asset management entity overseeing over $23 billion in assets. With an unwavering dedication to client-focused innovation, the company offers a diverse array of managed and quantitative investment solutions. Under the guidance of the accomplished entrepreneur Som Seif, Purpose operates as a division of Purpose Unlimited, an independent, technology-oriented financial services organization.
Contact Information
For inquiries, please reach out to:
Keera Hart
Email: Keera.Hart@kaiserpartners.com
Phone: 905-580-1257
Important Notice
A preliminary simplified prospectus regarding the ETFs has been submitted to Canadian securities commissions or similar authorities. Please note that shares of the ETFs cannot be purchased until relevant authorities issue receipts for the final prospectus. Comprehensive details regarding the ETFs can be found in the Preliminary Prospectus, which is available from Purpose or via their website.
Investors should be aware that mutual fund investments may incur commissions, trailing commissions, management fees, and other expenses. It is crucial to review the prospectus before investing. Mutual funds are not insured, and their values fluctuate frequently; past performance is not indicative of future results.
