Canada’s Purpose Investments is set to make history by launching the world’s first spot XRP exchange-traded fund (ETF) on June 18, 2025. Approved by Canadian regulators, the ETF will trade on the Toronto Stock Exchange (TSX), offering direct exposure to XRP—a milestone for crypto adoption and Canada’s digital asset leadership.
Canada Pioneers the First Spot XRP ETF
The Ontario Securities Commission (OSC) granted final approval to the Purpose XRP ETF, cementing Canada’s reputation as a hub for innovative crypto investment products. This follows Canada’s earlier breakthroughs with spot Bitcoin and Ethereum ETFs, further solidifying its position as a frontrunner in regulated crypto markets.
Purpose Investments, known for launching the first spot Bitcoin ETF in 2021, continues to expand its crypto ETF lineup, providing investors with secure, regulated access to digital assets.
Key Features of the Purpose XRP ETF
Ticker Symbols:
- XRPP (CAD-hedged)
- XRPP.B (unhedged CAD)
- XRPP.U (USD-denominated)
- Investment Accessibility: Available via registered accounts (e.g., RRSPs, TFSAs) for both retail and institutional investors.
- Direct XRP Exposure: The ETF holds physical XRP, mirroring its real-time market price—eliminating the complexity of self-custody.
👉 Discover how the XRP ETF compares to other crypto investment options
Surging Investor Demand for XRP
Following the ETF announcement, XRP’s price surged ~7%, reflecting strong market optimism. Analysts highlight the ETF’s potential to:
- Boost XRP’s mainstream legitimacy.
- Simplify crypto investing for traditional portfolios.
- Offer transparent price tracking (unlike futures-based products).
Canada vs. US Regulatory Progress
While Canada advances, the US lags in approving spot XRP ETFs, leaving American investors reliant on futures-based alternatives. Canada’s proactive stance reinforces its appeal as a crypto-friendly jurisdiction for institutional-grade products.
FAQs: Purpose XRP ETF
Q: How does the XRP ETF differ from buying XRP directly?
A: The ETF provides regulated, custodial exposure without wallet management or security risks.
Q: Can US investors access this ETF?
A: Currently, it’s limited to Canadian markets, though cross-listing possibilities may emerge.
Q: What’s the long-term impact of spot XRP ETFs?
A: They could increase institutional demand and stabilize XRP’s market valuation.
👉 Explore Canada’s leading crypto investment platforms
Conclusion
The Purpose XRP ETF’s launch marks a pivotal moment for crypto accessibility, combining regulatory compliance with investor convenience. As Canada cements its crypto ETF dominance, global markets may follow suit—potentially reshaping XRP’s adoption trajectory.
Stay tuned for updates as June 18 approaches!
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