Evolve XRP ETF Expected to Begin Trading on June 18, 2025
" XRP is built for real-world utility, enabling fast, low-cost cross-border payments and decentralized exchange functionality," said Elliot Johnson , Chief Investment Officer and Chief Operating Officer at Evolve. "With growing institutional adoption and greater regulatory clarity, we believe XRP is well-positioned as infrastructure for the future of finance."
To achieve its investment objectives, the Evolve Fund will invest in long-term holdings of XRP , purchased through Coinbase and/or other reputable XRP trading platforms and OTC counterparties, in order to provide investors with a convenient, secure alternative to a direct investment in XRP .
The Evolve Fund's portfolio will be priced based on, and the Evolve Fund's NAV will be calculated using, the CME CF XRP -Dollar Reference Rate. The CME CF XRP -Dollar Reference Rate is published every day of the year and is available on major vendor platforms such as Bloomberg and Reuters.
The Evolve Fund is offering the following units:
Evolve Fund
USD Units
CAD Units
XRP
√
√
XRP will not use derivatives and does not intend to pay regular cash distributions. The Evolve Fund does not seek to hedge any foreign currency exposure in respect of either the USD Units or the CAD Units.
As it is the Evolve Fund's intention to invest in XRP on a passive basis, the Evolve Fund will not speculate with regard to changes in XRP prices. Purchases of XRP will generally only be undertaken by the Evolve Fund in response to subscriptions, and sales of XRP will generally only be undertaken by the Evolve Fund as required in order to fund expenses and redemptions.
About Evolve Funds Group Inc.
With $7 billion in assets under management, Evolve specializes in bringing innovative ETFs to Canadian investors. Evolve's suite of ETFs provide investors with access to: (i) index-based income strategies; (ii) long term investment themes; and (iii) some of the world's leading investment managers. Established by a team of industry veterans with a demonstrated ability to succeed, Evolve creates investment products that make a difference. Learn more at www.evolveetfs.com.
Join us on social media: X | LinkedIn | Facebook | Youtube
Evolve Funds Group Inc. is the investment fund manager and portfolio manager. Evolve XRP ETF (" XRP ") will be offered by Evolve Funds Group Inc., and distributed through authorized dealers.
The information contained herein is a general description and is not intended to be specific investment advice to any particular investor nor intended to be investment or tax advice. You should not act or rely on the information contained herein without seeking the advice of an appropriate professional advisor.
The unpredictable nature of the cryptoassets can lead to loss of funds.
Commissions, trailing commissions, management fees and expenses all may be associated with exchange traded funds (ETFs) and mutual funds. Please read the prospectus before investing. ETFs and mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Investors may incur customary brokerage commissions in buying or selling ETF and mutual fund units. Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Evolve undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law.
SOURCE Evolve ETFs
CONTACT INFORMATION: Evolve ETFs, [email protected], t. 416.214.4884, tf. 1.844.370.4884; MEDIA CONTACT, Keith Crone, [email protected], 416.966.8716
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Toronto Sun
3 hours ago
- Toronto Sun
GUNTER: Carney taking lessons from Trump bad for Canada's bottom line
This is a problematic approach, given the Liberal government's penchant for spending. President Donald Trump meets Canadian Prime Minister Mark Carney in the Oval Office of the White House, Tuesday, May 6, 2025, in Washington. Photo by Evan Vucci / AP As much as U.S. President Donald Trump loves to exercise power by executive order, rather than leaving lawmaking up to the U.S. Congress, it is becoming increasingly obvious that Canada's very own Prime Minister Mark Carney loves governing by the Canadian equivalent – the order-in-council. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Consider for a minute Carney's refusal to have Finance Minister François-Philippe Champagne bring down a budget until November or December. Rather than a budget and enabling legislation to authorize nearly half a trillion dollars in spending, Carney prefers to rule (and spend) by cabinet decree. Before April's election, parliamentary budget officer Yves Giroux estimated the federal deficit for the current fiscal year would be just about $47 billion. That's bad enough, but a significant decrease from the $62-billion deficit that the Liberals had to admit to before Christmas for last year. But as Giroux pointed out at the time, his sum was only 'a baseline.' His number was only what the deficit would be before any of the political promises the winning party carried through on. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Since the Liberals were re-elected, Giroux has estimated for reporters that the Carney government's campaign goodies would raise the 2025-26 deficit to between $60 billion and $70 billion 'in the absence of spending cuts elsewhere.' That, of course, is as bad or worse than last year's Liberal amount. Mark Carney intends for his government to spend more money than Justin Trudeau's, and without a budget or proper accountability to Parliament. But even Giroux's latest guestimate doesn't include measures the Carney Liberals have taken since the end of May without recourse to the House of Commons or a budget. Enter Toronto's C.D. Howe Institute. The non-partisan think tank calculates that with measures announced by the Liberals since the election (right up to the cancellation of the digital services tax last weekend), the deficit this year will be $92 billion in the current fiscal year, $75 billion next year, $73 billion the year after that and $71 billion in 2028-29. This advertisement has not loaded yet, but your article continues below. That's a total of $311 billion in extra public debt in just four years. It took the Trudeau government 10 years to add $600 billion. That's a rate of extra debt about 20 per cent faster than the rate built up by Justin Trudeau and his cabinets. You may take comfort in the fact that Carney is a former central banker and international financier. I don't. Canada already has a higher-than-average debt-to-GDP ratio for a developed nation. Carney's orgy of spending will only make it worse. You may agree with some of the Liberals' fiscal policies. I do. They've cancelled the planned capital gains tax hike, lowered the basic income tax rate to 14%, cancelled the digital services tax and dramatically increased defence spending. All good things. This advertisement has not loaded yet, but your article continues below. But they do not appear to be ready to make any spending cuts. What about the 100,000 new federal government employees added during the Trudeau years? Payroll and payments to individuals, such as pensions, are Ottawa's two biggest outlays, but Carney plans no cuts to either. Without spending cuts to balance off all the Libs' new spending, the red ink will continue to tsunami through Canada and cause higher interest rates, higher inflation and less affordability for ordinary Canadians. And all of this is being done without a budget or Parliamentary scrutiny. Another example of how Carney, like Trump, is trying to circumvent democracy and rule by decree is Bill C-5, the recently passed law to fast-track 'national interest' megaprojects. This advertisement has not loaded yet, but your article continues below. The bill allows cabinet to decide which projects should be fast-tracked, thereby evading all the regulations that will continue to govern every other company and project in Canada. In short, C-5 repeals no environmental regulations imposed by the Trudeau Liberals. Rather, it allows the Carney Liberals to pick and choose which companies enjoy cabinet's favouritism and which must muck about in the mire. And all by order-in-council rather than parliamentary debate. Canada's economy lost nearly $400 billion in investment during the Trudeau years. That trend will continue under Carney. Read More Bookmark our website and support our journalism: Don't miss the news you need to know — add and to your bookmarks and sign up for our newsletters here. You can also support our journalism by becoming a digital subscriber. Subscribers gain unlimited access to The Edmonton Journal, Edmonton Sun, National Post and 13 other Canadian news sites. Support us by subscribing today: The Edmonton Journal | The Edmonton Sun. Crime Toronto & GTA Columnists Editorial Cartoons Columnists
Edmonton Journal
4 hours ago
- Edmonton Journal
Alberta and Carney: conflict and collision — Can Alberta survive Carney's net-zero agenda?
It should be evident to Albertans that the province is on a collision course with the federal Liberal government, driven by a fundamental disagreement: will Alberta and Western Canada be allowed to fully develop its hydrocarbon endowment, or will that economic value be lost in pursuit of the climate policy known as 'net zero'? Article content This collision is inevitable and imminent. Net zero is difficult to reconcile with growing, or even sustaining, existing hydrocarbon production in Canada. Article content Article content Article content In April, Prime Minister Mark Carney won a near majority government based on his perceived superior credibility in confronting the tariff threats from the Trump administration. The win was narrow in the popular vote nationally but not in Alberta, where Carney's party gained only 28 per cent of the vote. The outcome was defined by tariffs and not a direct endorsement of net zero imperative for Canada. Article content Article content It's unreasonable for any Canadian prime minister to speak about becoming an 'energy superpower' while placing self-destructive limits on the development of Canada's hydrocarbon endowment. Article content Article content Meanwhile, hydrocarbon demand globally is not declining, nor is it expected to in the foreseeable future. Any global market share for hydrocarbons that Canada relinquishes in its pursuit of net zero will be captured by other nations, creating no real net decrease in global emissions. Article content Carney wasn't elected to explicitly deconstruct the hydrocarbon industry — and with it, much of Alberta's economy. Yet, that would be the consequence if his government materially advances its net zero agenda. Article content If this is not Carney's intention, he should clarify his position to be consistent with the following: Article content • No federal emission caps will apply to hydrocarbon production through at least 2050. Article content • The Impact Assessment Act (Bill C-69), will be repealed and replaced with an expedited review process that ensures irrevocable political sanction for major projects within one year of regulatory application, free of climate tests and explicit statutory guidance on stakeholder consultation and accommodation.
Calgary Herald
4 hours ago
- Calgary Herald
Lorne Gunter: Carney taking lessons from Trump and it's bad for Canada's bottom line
As much as U.S. President Donald Trump loves to exercise power by executive order, rather than leaving lawmaking up to the U.S. Congress, it is becoming increasingly obvious that Canada's very own Prime Minister Mark Carney loves governing by the Canadian equivalent – the order-in-council. Article content Consider for a minute Carney's refusal to have Finance Minister François-Philippe Champagne bring down a budget until November or December. Rather than a budget and enabling legislation to authorize nearly half a trillion dollars in spending, Carney prefers to rule (and spend) by cabinet decree. Article content Article content Article content Before April's election, parliamentary budget officer Yves Giroux estimated the federal deficit for the current fiscal year would be just about $47 billion. That's bad enough, but a significant decrease from the $62-billion deficit that the Liberals had to admit to before Christmas for last year. Article content But as Giroux pointed out at the time, his sum was only 'a baseline.' His number was only what the deficit would be before any of the political promises the winning party carried through on. Article content Since the Liberals were re-elected, Giroux has estimated for reporters that the Carney government's campaign goodies would raise the 2025-26 deficit to between $60 billion and $70 billion 'in the absence of spending cuts elsewhere.' That, of course, is as bad or worse than last year's Liberal amount. Article content Mark Carney intends for his government to spend more money than Justin Trudeau's, and without a budget or proper accountability to Parliament. Article content Article content But even Giroux's latest guestimate doesn't include measures the Carney Liberals have taken since the end of May without recourse to the House of Commons or a budget. Article content Article content Enter Toronto's C.D. Howe Institute. Article content The non-partisan think tank calculates that with measures announced by the Liberals since the election (right up to the cancellation of the digital services tax last weekend), the deficit this year will be $92 billion in the current fiscal year, $75 billion next year, $73 billion the year after that and $71 billion in 2028-29. Article content That's a total of $311 billion in extra public debt in just four years. It took the Trudeau government 10 years to add $600 billion. That's a rate of extra debt about 20 per cent faster than the rate built up by Justin Trudeau and his cabinets. Article content You may take comfort in the fact that Carney is a former central banker and international financier. I don't. Canada already has a higher-than-average debt-to-GDP ratio for a developed nation. Carney's orgy of spending will only make it worse.
