On June 18, 2025, the first Purpose XRP ETF started trading on the Toronto Stock Exchange (TSX), allowing regulated access to cryptocurrencies for investors.
Overview of Purpose XRP ETF
The Purpose XRP ETF is listed on TSX and offers three versions: CAD-hedged (XRPP), CAD non-hedged (XRPP.B), and USD-denominated (XRPP.U). Each has a management fee of 0.69%, with total costs capped at 0.89%, enabling savings to be passed to investors.
How to Invest in XRP ETF?
To invest in the Purpose XRP ETF, traders need to access the Toronto Stock Exchange (TSX). Investors can open a brokerage account with Canadian platforms that support TSX trading and buy the ETF like regular stocks.
Canada's Role in Regulating Digital Assets
Vlad Tasevski, Chief Innovation Officer at Purpose Investments, highlighted that the OSC's approval of the XRP ETF shows Canada is leading the way in building a safe, regulated space for digital assets.
The launch of the Purpose XRP ETF marks a new era for cryptocurrency investment in Canada, providing access through standard investment accounts and emphasizing the country's success in regulating digital assets.
