Purpose Investments has obtained final approval from the Ontario Securities Commission to launch the first spot XRP ETF in Canada, set to begin trading on June 18, 2025.
First Spot XRP ETF in Canada
The fund, named *Purpose XRP ETF*, will trade on the Toronto Stock Exchange (TSX) under three tickers: XRPP (CAD-hedged), XRPP.B (CAD), and XRPP.U (USD). This approval marks a significant development for accessing XRP exposure through an ETF in Canada.
Direct Access to XRP
The Purpose XRP ETF offers direct access to XRP, the native token of the XRP Ledger, without requiring investors to self-custody or engage in unregulated markets. The ETF is designed for both retail and institutional investors seeking secure and transparent crypto exposure through traditional financial platforms.
Purpose's Leadership in Digital Asset Innovation
Vlad Tasevski, Chief Innovation Officer at Purpose Investments, commented: "The OSC’s approval of the Purpose XRP ETF underscores Canada’s leadership in building a regulated global digital asset ecosystem. We’re proud to offer secure and easy access to real-world blockchain infrastructure." Purpose Investments has previously launched Bitcoin and Ethereum ETFs, making the XRP ETF the third installment in their series of regulated digital assets.
The launch of the XRP ETF marks an important step towards integrating digital assets into Canada's traditional financial landscape and highlights the country's commitment to innovation and regulation in the blockchain space.
