It is with no small measure of astonishment that I convey the news of Purpose Investments Inc. having secured the final prospectus receipt for their latest venture, the Purpose XRP ETF. This delightful contrivance is poised to commence its trading escapades upon the esteemed Toronto Stock Exchange (TSX) on the 18th of June, under the rather dashing ticker symbol XRPP. One can only hope it does not prove to be as elusive as a well-mannered suitor at a ball! 💃
As per the rather grandiloquent press release, this new financial instrument shall afford investors a most direct exposure to the enigmatic XRP. The ETF shall present itself in three splendid variations: a Canadian dollar-hedged unit (XRPP), a Canadian dollar non-hedged unit (XRPP.B), and a U.S. dollar unit (XRPP.U). How very accommodating! All these versions may be held in registered accounts, such as the Tax-Free Savings Accounts (TFSAs) and the Registered Retirement Savings Plans (RRSPs). One might say it is a veritable cornucopia of investment opportunities, though I daresay, one must tread carefully lest one finds oneself in a most precarious financial predicament! 😏
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2025-06-16 19:18