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Bulletin de la Bourse
Evolve XRP ETF (XRP, XRP.U) inscrit à la Bourse de Toronto
17 juin 2025
Issuer: Evolve XRP ETF ("Evolve ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Canadian dollar denominated unhedged units ("CAD Units") | XRP | 100,000 | None | C$10.00 |
| U.S. dollar denominated unhedged units (USD Units") | XRP.U | 100,000 | None | US$10.00 |
| Listing category: | Non-Corporate |
| Trading currency of the CAD Units: | CDN$ |
| Trading currency of the USD Units: | US$ |
| Transaction: | Initial public offering (the "Offering") of CAD Units and USD Units (collectively, the "Units") |
| Anticipated closing date: | June 17, 2025. |
| Listing date: | June 17, 2025 (as at 5:01 p.m.) in anticipation of closing of the Offering. |
| Posted for trading date: | June 18, 2025 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | BMO Nesbitt Burns Inc. |
| Investor relations: | Elliot Johnson Tel: (416) 558-6661 Email: ejohnson@evolveetfs.com - and - Keith Crone Tel: (416) 697-5152 Email: kcrone@evolveetfs.com |
| Incorporation: | Exchange traded mutual fund established under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated as of June 11, 2025. |
| Manager and Trustee: | Evolve Funds Group Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The Evolve ETF's investment objective is to hold substantially all of its assets in physical XRP in order to provide a secure and convenient way to hold XRP in a brokerage account. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Dividends: | It is not anticipated that the Evolve ETF will make regular cash distributions. |
| Sponsorship: | Not applicable. |
| Additional information: | The USD Units (XRP.U) will be quoted and traded on Toronto Stock Exchange in US funds and trading information regarding the USD Units will appear under the heading "Trading in US Funds" in the TSX Monthly Review. |
| Offering document: | Prospectus date June 11, 2025 (the "Prospectus"), which is available at www.sedarplus.ca. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 100,000 CAD Units will be issued at a subscription price of C$10.00 per CAD Unit and 100,000 USD Units will be issued at a subscription price of US$10.00 per USD Unit. Evolve ETF is authorized to issue an unlimited number of Units, each of which represents an equal, undivided interest in the net assets of Evolve ETF and there is no maximum number of Units that may be offered. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |