Latest news with #VladTasevski
Hamilton Spectator
7 hours ago
- Business
- Hamilton Spectator
Purpose Investments Launches Purpose XRP ETF, Adding to Its Diverse and Growing Suite of Digital Asset ETFs
TORONTO, June 18, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. ('Purpose'), the firm behind the world's first spot Bitcoin ETF and Canada's largest digital asset ETF manager*, is expanding its digital asset suite with the launch of the Purpose XRP ETF, now trading on the TSX under the ticker XRPP. The ETF offers spot exposure to XRP — the native token of the XRP Ledger (XRPL), a decentralized blockchain designed to enable fast, low-cost international payments and financial settlement. The ETF will be available in CAD-hedged (TSX: XRPP), CAD non-hedged (TSX: XRPP.B), and US dollar (TSX: XRPP.U) units. A Token Engineered for Impact. A Firm Committed to Access. 'Canadian investors continue to look for simple, safe, and transparent ways to access the digital asset market, and the XRP ETF has been one of the most requested digital assets in our lineup, thanks to XRP's design for fast, low-cost global payments,' said Vlad Tasevski, Chief Innovation Officer. 'With this launch, we're not just adding another ETF – we're expanding a platform built to reshape how Canadians access the future of finance. Our track record in digital assets reflects a deep belief in blockchain's real-world potential, and we remain focused on trust, access, and education to help investors and advisors navigate this evolving space with clarity and confidence.' Designed for Real-World Use and Real Portfolios XRP stands out in a crowded digital asset landscape for its real-world use case and growing interest. As demand builds for blockchain solutions that go beyond speculation, the Purpose XRP ETF offers investors a clear, simplified way to gain exposure to an asset based on a network built for scale, speed, and financial infrastructure through a regulated, advisor-ready vehicle. Key Benefits 'The Purpose XRP ETF is a streamlined, advisor-ready solution that transforms XRP's real-world utility into a secure, investable format,' said Paul Pincente, VP of Digital Assets at Purpose Investments. 'We designed this ETF to remove the operational hurdles of managing crypto directly, offering investors access to XRP through a regulated ETF structure with institutional-grade custody. It's built for portfolios, backed by experience, and engineered to meet the growing demand for practical blockchain exposure.' From Bitcoin to XRP: An ETF Platform Built for the Future of Digital Investing Purpose offers the most expansive and diverse suite of digital asset ETFs in Canada — built to meet the needs of today's investors, whether they're tactically allocating, seeking long-term exposure, or generating income from crypto assets. The Purpose Digital Asset lineup includes: By redefining what digital asset investing looks like, Purpose is making it easier, safer, and smarter for investors to participate in a rapidly evolving space. As blockchain technology reshapes global finance, Purpose remains committed to bridging the gap between traditional investing and the decentralized future. About Purpose Investments Purpose Investments is an asset management company with over $24 billion in assets under management, focused on client-centric innovation across ETFs and investment funds. Purpose is a division of Purpose Unlimited, an independent financial technology company led by entrepreneur Som Seif. For further information, please email us at info@ . Media inquiries: Keera Hart 905-580-1257 *By digital asset ETFs under management as of April 24, 2025. The content of this document is for informational purposes only and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. Information contained in this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement or public offering of securities. No securities commission or similar regulatory authority has reviewed this information, and any representation to the contrary is an offence. The information contained in this document is believed to be accurate and reliable; however, we cannot guarantee that it is complete or current at all times. The information provided is subject to change without notice. Commissions, trailing commissions, management fees and expenses may all be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Copies of the Prospectus may be obtained from . There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed; their values change frequently, and past performance may not be repeated. Crypto assets can be extremely volatile, and there is no guarantee that the amount invested will be returned to you. Certain statements in this document may be forward-looking. Forward-looking statements ('FLS') are statements that are predictive in nature, depend on or refer to future events or conditions, or that include words such as 'may,' 'will,' 'should,' 'could,' 'expect,' 'anticipate,' 'intend,' 'plan,' 'believe,' 'estimate' or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are, by their nature, based on numerous assumptions. Although the FLS contained in this document are based upon what Purpose Investments believes to be reasonable assumptions, Purpose Investments cannot assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on the FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed, that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise.
Hamilton Spectator
15 hours ago
- Business
- Hamilton Spectator
Purpose XRP ETF Receives OSC Receipt, Set to Launch on TSX on Wednesday, June 18, 2025
TORONTO, June 16, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. ('Purpose') is pleased to announce that it has received a final prospectus receipt for the Purpose XRP ETF, marking a significant milestone in the evolution of digital asset investing in Canada. The ETF is expected to begin trading on the Toronto Stock Exchange under the ticker XRPP on Wednesday, June 18. The Purpose XRP ETF will offer investors direct exposure to spot XRP, the native token of the XRP Ledger – a decentralized, open-source blockchain designed to facilitate fast and cost-effective cross-border payments. With this approval, Purpose continues to broaden access to digital assets through regulated and transparent investment vehicles. 'The OSC's granting of a receipt for the Purpose XRP ETF prospectus reinforces Canada's global leadership in building a regulated digital asset ecosystem,' said Vlad Tasevski, Chief Innovation Officer at Purpose Investments. 'We're proud to continue pushing the boundaries of what's possible in the space by offering investors simple, secure access to the infrastructure powering real-world blockchain adoption.' The ETF will be available in CAD-hedged (ticker XRPP), CAD non-hedged (ticker XRPP.B), and US dollar (ticker XRPP.U) units, and will be eligible for holding in registered accounts such as TFSAs and RRSPs. About Purpose Investments Purpose Investments is an asset management company with over $24 billion in assets under management, focused on client-centric innovation across ETFs and investment funds. Purpose is a division of Purpose Unlimited, an independent financial technology company led by entrepreneur Som Seif. For further information, please email us at info@ . Media inquiries: Keera Hart 905-580-1257 This offering is made only by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from . Investors should read the prospectus before making an investment decision. The content of this document is for informational purposes only and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. Information contained in this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement or public offering of securities. No securities commission or similar regulatory authority has reviewed this information, and any representation to the contrary is an offence. The information contained in this document is believed to be accurate and reliable; however, we cannot guarantee that it is complete or current at all times. The information provided is subject to change without notice. Commissions, trailing commissions, management fees and expenses may all be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed; their values change frequently, and past performance may not be repeated. Crypto assets can be extremely volatile, and there is no guarantee that the amount invested will be returned to you. Certain statements in this document may be forward-looking. Forward-looking statements ('FLS') are statements that are predictive in nature, depend on or refer to future events or conditions, or that include words such as 'may,' 'will,' 'should,' 'could,' 'expect,' 'anticipate,' 'intend,' 'plan,' 'believe,' 'estimate' or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are, by their nature, based on numerous assumptions. Although the FLS contained in this document are based upon what Purpose Investments believes to be reasonable assumptions, Purpose Investments cannot assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on the FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed, that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise.
Yahoo
a day ago
- Business
- Yahoo
XRP On-Chain Activity Explodes, Reaches Highest Level Of 2025
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Ripple (CRYPTO: XRP) Ledger's user activity has increased, according to on-chain data, which shows that active addresses have risen from a three-month moving average of 40,000 to 295,000. It is the highest level of user activity XRP has experienced in 2025. XRP grew 1.64% Tuesday to trade at $2.23. Recently, whale wallets holding 1 million or more XRP have hit an all-time high of 2,700. The wallets contain a minimum of $2.25 million in XRP, showing increasing confidence of institutional or high-net-worth investors. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. New to trading crypto? on Coinbase. Ripple's recent showcase at the XRPL Apex event in Singapore may have helped in improving investor sentiment. CEO Brad Garlinghouse has projected that XRPL can absorb a significant share of SWIFT's liquidity in half a decade due to the speed and cross-border efficiency of the network. The XRP ETF from Purpose Investments has received a green light and will begin trading on the Toronto Stock Exchange under the ticker fund will be offered in three varieties: a Canadian dollar-hedged unit (XRPP), a Canadian dollar non-hedged unit (XRPP.B), and a U.S. dollar unit (XRPP.U). It can be held in registered investment Chief Investment Officer, Vlad Tasevski, said the ETF aligns with the company's mission of making digital asset investments easy and secure. Purpose already has ETFs of other major tokens, but in the United States, the Securities and Exchange Commission (SEC) hasn't approved an XRP ETF yet. The update appeals for the Ripple vs. SEC case have been delayed until James K. Filan reported that the SEC asked the U.S. Court of Appeals for the Second Circuit to suspend proceedings until August 15. The request comes as the two parties are pursuing an indicative ruling in the district court to resolve the and the SEC filed a joint motion on June 12 to release $50 million of the $125 million fine held in escrow. If approved, it would amend the final judgment under Rule 60. There's urgency for the case's outcome because the resolution can affect the SEC's approach to pending XRP ETF applications. Traders are watching out for Judge Analisa Torres' response, which could come later this week. XRP is going through a rough time as it fell 2.22% this week and lost over 6.89% in the last month. XRP recently broke out of a bearish price channel and retested the breakout as support. The price has crossed above both short- and long-term EMAs, along with a bullish crossover between the 9-period and 21-period EMA. Momentum indicators are mixed as the RSI is approaching overbought on the 4-hour chart, and the MACD has been increasing for almost two days. Breaking above both $2.35 and $2.50 resistance levels could take the token to $2.60. XRP is showing signs of short-term exhaustion as RSI has been in overbought conditions, and we can observe signs of profit-taking at $2.30. If there's a pullback to the $2.20 area, it could provide a more favorable long entry. More Opportunities: Grow your IRA or 401(k) with Crypto – . Trade, earn, and grow your crypto portfolio with — . Image: Shutterstock This article XRP On-Chain Activity Explodes, Reaches Highest Level Of 2025 originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Spot XRP ETF Set to Start Trading in Canada This Week After Regulatory Nod, Token Up 7%
Asset manager Purpose Investments is set to launch a spot XRP XRP exchange-traded fund (ETF) in Canada this week after obtaining regulatory approval, giving investors a way to gain exposure to the fourth-largest cryptocurrency by market capitalization through traditional investment ETF will start trading on the Toronto Stock Exchange on Wednesday, June 18, under the XRPP ticker, according to a Monday press release. The move comes after the Ontario Securities Commission (OSC) granted final prospectus receipt for the investment vehicle, the company said. XRP was up nearly 7% over the past 24 hours following the news, outperforming bitcoin BTC and the broad-market CoinDesk 20 Index. "The OSC's granting of a receipt for the Purpose XRP ETF prospectus reinforces Canada's global leadership in building a regulated digital asset ecosystem," Vlad Tasevski, chief innovation officer at Purpose Investments, said in a press release. Purpose Investments in 2021 launched in Canada the world's first spot bitcoin ETF, years before the vehicles' approval in the in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-04-2025
- Business
- Yahoo
Purpose Investments Clarifies that It Has Debuted One of the World's First Solana ETFs with Staking Rewards Accruing Directly to the Fund – Continuing Its Leadership in Global Crypto Innovation
This press release clarifies certain aspects of a press release issued on April 16, 2025 TORONTO, April 17, 2025 (GLOBE NEWSWIRE) -- Purpose Investments Inc. ('Purpose'), the firm behind the world's first spot Bitcoin ETF and spot Ether ETF, is expanding its digital asset suite with the launch of the Purpose Solana ETF (ticker: SOLL). SOLL is one of the ETFs worldwide to provide direct physical exposure to Solana while delivering staking rewards accruing directly to the fund. With native staking powered by Purpose's proprietary in-house staking infrastructure, SOLL is designed to deliver the highest staking rewards currently available through spot Solana ETFs in Canada. Now trading on the TSX, the Purpose Solana ETF reinforces Purpose's position as a global leader in digital asset ETF innovation and Canada's largest digital asset ETF manager. Backed by deep expertise and a proven track record, Purpose continues to make digital assets safer and easier for investors to access. Canada's Crypto Leader Setting the Standard for Global Innovation 'Solana is pushing the boundaries of blockchain innovation from speed and scalability to real-world decentralized applications,' said Vlad Tasevski, Chief Innovation Officer. 'With the Purpose Solana ETF, we're giving investors efficient, regulated access to this rapidly growing digital ecosystem, with the added benefit of native staking. As the only fund manager operating key aspects of the fund in-house through our technology infrastructure, we're able to deliver a secure and seamless investment experience, along with more efficient returns and higher yields. This launch builds on the broadest suite of crypto ETFs in the country – and our mission to lead digital asset investing both here in Canada and globally with thoughtful, purpose-built solutions that meet investors where they are and help them move forward with confidence.' Purpose Solana ETF Key Benefits Direct Exposure to Solana: Gain direct exposure to SOL, the native asset of a high-performance platform known for its speed, scalability, and growing developer ecosystem. Native Staking Yield: Capture Solana's staking yield through a regulated ETF structure – without the complexity of setting up wallets or managing on-chain assets. Crypto-Native Advantage: Purpose's in-house validator infrastructure and deep involvement in the Solana ecosystem will help to reduce cost and improve investor staking yield – offering one of the most efficient Solana staking programs on the market. Secure, Portfolio-Ready Structure: Held in cold storage with institutional-grade custodians, the ETF trades on the TSX and can be held in registered accounts like RRSPs and TFSAs – no wallets, keys, or crypto exchanges required. Uniquely Available With Three Currency Exposures: The ETF is available in CAD hedged units (ticker: SOLL), CAD non-hedged units (ticker: SOLL.B), and USD non-hedged units (ticker: SOLL.U). 'The Purpose Solana ETF provides direct access to Solana's high-throughput network, with staking integrated through our proprietary validator infrastructure,' said Paul Pincente, VP of Digital Assets. 'By internalizing key operational components – including staking and reward management – we reduce counterparty risk, improve net yield capture, and create a more efficient, institutional-grade investment structure. This level of control helps us support a more consistent and streamlined investment experience as the digital asset space continues to evolve.' Leading Crypto-Native Capability and Unmatched In-House Staking Expertise At the core of its platform is true crypto-native capability, supported by Purpose Unlimited's in-house staking infrastructure. Having deep control over the technology will enable greater operational efficiency and the ability to deliver higher yields to investors. This integrated approach is designed to enhance performance and security and positions Purpose as a leader in bringing institutional-grade crypto ETF solutions. The Broadest Suite of Crypto ETFs in Canada Purpose offers the most comprehensive suite of digital asset ETFs in Canada, designed to meet the needs of every investor profile, from active traders to long-term allocators and income-focused investors. Purpose Digital Assets lineup includes: Purpose Bitcoin ETF (BTCC) and Purpose Ether ETF (ETHH): The world's first spot Bitcoin and Ether ETFs, offering regulated access, high liquidity, and a strong track record – backed by advanced features for active traders and tactical allocators. Purpose Bitcoin Yield ETF (BTCY) and Purpose Ether Yield ETF (ETHY): Yield-generating ETFs that use covered call strategies to help investors earn income from their Bitcoin and Ether holdings. Purpose Ether Staking Corp. ETF (ETHC.B): A staking-focused Ether ETF, giving investors access to Ethereum's proof-of-stake rewards in a regulated structure. Purpose Solana ETF (SOLL): Unlocking direct exposure to a high-speed, low-fee blockchain known for its lightning-fast transactions, developer momentum, and real-world potential with staking rewards accruing directly to the fund. With the launch of the Purpose Solana ETF, Purpose Investments continues to expand its industry-leading digital asset lineup, providing investors with secure and simple access to blockchain innovation. This new ETF complements Purpose's existing crypto suite, which includes the world's first spot Bitcoin ETF and first Ether ETF, offering investors a comprehensive range of digital asset solutions. As blockchain technology transforms financial markets, Purpose remains committed to bridging traditional finance with the future of decentralized and emerging financial technology, helping investors navigate the evolving digital economy with confidence. To explore the full suite of crypto ETFs, visit the Purpose Digital Assets Suite. About Purpose Investments Purpose Investments Inc. is an asset management company with over $22 billion in assets under management, focused on client-centric innovation across ETFs and investment funds. Purpose Investments is a division of Purpose Unlimited, an independent financial technology company led by entrepreneur Som Seif. For further information, please email us at info@ Media inquiries:Keera The content of this document is for informational purposes only and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. Information contained in this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement or public offering of securities. No securities commission or similar regulatory authority has reviewed this information, and any representation to the contrary is an offence. The information contained in this document is believed to be accurate and reliable; however, we cannot guarantee that it is complete or current at all times. The information provided is subject to change without notice. Commissions, trailing commissions, management fees and expenses may all be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Crypto assets can be extremely volatile, and there can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. Fund distribution levels and frequencies are not guaranteed and may vary at Purpose Investments' sole discretion. Certain statements in this document may be forward-looking. Forward-looking statements ("FLS") are statements that are predictive in nature, depend on or refer to future events or conditions, or that include words such as "may,' "will,' "should,' "could,' "expect,' "anticipate,' "intend,' "plan,' "believe,' "estimate," or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are, by their nature, based on numerous assumptions. Although the FLS contained in this document are based upon what Purpose Investments believes to be reasonable assumptions, Purpose Investments cannot assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on the FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed, that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or in to access your portfolio
