Canada has officially become the first country in North America to approve spot XRP ETFs, marking an important step in the regulation of crypto investments in the region.
Approval of Spot XRP ETFs in Canada
The Ontario Securities Commission granted approval for the launch of spot XRP ETFs from two leading Canadian asset managers, Purpose Investments and 3iQ. The approval was issued on June 18, 2025.
Market Response and Features of the New ETFs
Purpose Investments launched the Purpose XRP ETF, which now trades on the Toronto Stock Exchange under three tickers: XRPP, XRPP.B, and XRPP.U. All versions of the ETF can be utilized in tax-sheltered accounts such as RRSPs and TFSAs. Vlad Tasevski, Chief Innovation Officer at Purpose, noted that XRP remains one of the most requested assets by investors.
Global Trend of Spot XRP ETFs
Canada’s approval follows global trends for spot XRP ETFs. Brazil was the first country in the world to approve such a fund in April 2025. While the U.S. has not yet approved any spot XRP ETFs, Canada’s decision signals a growing interest in digital asset products.
The approval of spot XRP ETFs in Canada represents an important step toward bridging traditional finance with blockchain-based assets and may change the investment landscape for investors in the region.
