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About Purpose XRP Trust Units CAD ETF Currency Hedged Units
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Inception date
Jun 18, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Purpose Investments, Inc.
ISIN
CA74641U1030
The fund aims to provide a secure, convenient, and cost-effective way to invest in XRP coins (XRP), avoiding the complexities of direct investment. Long-term holdings of XRP are purchased through digital asset trading platforms and OTC counterparties, after conducting due diligence. Orders are determined based on price and liquidity with the aim of achieving the best execution for the fund. Holdings are valued based on the Compass 3:45pm 4:00pm NY XRP Index, serving as a benchmark rate for XRP, denominated in US dollars. The fund is considered an alternative mutual fund based on the Canadian National Instrument 81-102. It does not engage in short-term speculation or non-hedging derivatives. It may, however, hold money market instruments to meet its objectives. The fund hedges US currency exposure for CAD ETF Currency Hedged Units using derivatives such as currency forward contracts. Moreover, it allows limited short-term borrowing for XRP purchases applicable under NI 81-102 rules.
Classification
Symbol
Geography
Global
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
XRPP assets under management is 73.49 M CAD. It's risen 5.24% over the last month.
XRPP fund flows account for 70.51 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, XRPP doesn't pay dividends to its holders.
XRPP shares are issued by Purpose Unlimited under the brand Purpose. The ETF was launched on Jun 18, 2025, and its management style is Active.
XRPP follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
XRPP trades at a premium (0.37%) meaning the ETF is trading at a higher price than the calculated NAV.