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Canadian asset management firm Purpose Investments has filed a preliminary prospectus for a spot XRP ETF

BlockBeats News, February 1st, Canadian asset management company Purpose Investments announced that it plans to launch the world's first XRP exchange-traded fund (ETF). The company has submitted a preliminary prospectus for a spot XRP ETF, a move that may allow it to establish XRP investment products ahead of many U.S. institutions.

It is reported that Purpose Investments previously launched the first Bitcoin ETF in North America in 2021. If approved, this ETF is believed to provide investors with a channel to participate in related asset investments without directly holding XRP.

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Canadian asset management firm Purpose Investments has filed a preliminary prospectus for a spot XRP ETF

BTC long positions were heavily liquidated, with 24 addresses hit by $160 million in liquidations and three whales liquidated for tens of millions of dollars.

A certain whale bottom-fished NBIS with a scale of $12 million.

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A certain whale has been liquidated again, incurring a loss of approximately $10.76 million.