On June 18, 2025, the first spot XRP ETF in Canada launched on the Toronto Stock Exchange (TSX), providing investors with access to the cryptocurrency through traditional investment formats.
Details of the XRP ETF Launch
The fund is available for trading on the TSX in three versions: CAD-hedged (XRPP), CAD non-hedged (XRPP.B), and USD-denominated (XRPP.U). All versions carry a management fee of 0.69%, with the total cost capped at 0.89%, and any savings passed to investors.
Opportunities for Investors
Investors can hold the new XRP ETFs in popular Canadian accounts like Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs). This simplifies the process of gaining cryptocurrency exposure without the need for crypto wallets or exchanges.
Forecasts and Future of the XRP ETF
Vlad Tasevski, Chief Innovation Officer at Purpose Investments, highlighted that the OSC's approval of the XRP ETF shows that Canada is leading the way in building a safe, regulated space for digital assets. The launch of the XRP ETF in Canada follows a similar launch in Brazil earlier this year. Meanwhile, the U.S. SEC has yet to decide on any XRP ETF. However, with Canada taking the initiative, a U.S. XRP ETF may soon follow.
The launch of the spot XRP ETF in Canada opens new opportunities for investors looking to access cryptocurrency through traditional investment tools, indicating the development and regulation of digital assets in the country.
