Purpose Investments Inc., a leading asset management firm known for pioneering the first Bitcoin and Ethereum ETFs, has reportedly filed a preliminary prospectus for the world’s first XRP exchange-traded fund (ETF).
The news was shared by crypto influencer Amelie (@_Crypto_Barbie) on X, generating significant discussion within the cryptocurrency community.
🚨 BREAKING:
PURPOSE INVESTMENTS INC, THE LEADER BEHIND THE FIRST BTC ETF ETH ETFs, FILES PRELIMINARY PROSPECTUS FOR THE WORLD‘S FIRST #XRP ETF! 📝 https://t.co/oFCxGg7Z7i pic.twitter.com/HQCKARbdkr
— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) January 31, 2025
If approved, the Purpose Investments XRP ETF would provide institutional and retail investors with regulated access to XRP without the need to directly hold or manage the digital asset.
This development follows a growing trend of major financial firms seeking to establish cryptocurrency ETFs, which aim to offer investors exposure to digital assets while mitigating risks associated with direct ownership.
The filing by Purpose Investments indicates growing confidence in XRP as a viable investment option. This move also suggests that financial institutions recognize the increasing demand for diversified crypto investment vehicles beyond Bitcoin and Ethereum.
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Growing Interest in XRP ETFs
The news of Purpose Investments’ filing comes amid a surge in interest surrounding XRP ETFs. Major firms, such as Grayscale and CoinShares, began filing for XRP ETFs in January 2025, and Donald Trump’s election victory and return to the White House has increased confidence of the crypto community that the U.S. Securities and Exchange Commission (SEC) will soon approve these investment products.
XRP gains traction as an institutional-grade asset, supported by its efficiency in cross-border payments and blockchain technology. The interest from multiple asset management firms suggests that XRP is recognized as a valuable component of the evolving digital asset market.
Ripple’s president has publicly stated that XRP is next in line for ETF approval. She also believes the new administration will speed up the approval process. The introduction of these products would complement Ripple’s broader efforts to integrate XRP into global financial systems.
Purpose Investments’ decision to file for an XRP ETF represents a significant milestone for XRP and the broader cryptocurrency industry. With firms like Purpose Investments, Grayscale, and CoinShares actively pursuing XRP ETFs, it is clear that demand for regulated investment vehicles tied to the asset is on the rise.
Ripple CEO Brad Garlinghouse has previously described XRP ETFs as inevitable . With a crypto-friendly White House and SEC, the crypto world expects sensible and favorable crypto regulation, and 2025 could be the year XRP’s mainstream adoption soars through ETFs.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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