On June 18, 2025, the first Spot ETF on cryptocurrency XRP will begin trading on the Toronto Stock Exchange (TSX). This move marks an important development in the regulated access to digital assets.
Purpose XRP ETF Trading Tickers
The ETF will be available in three distinct formats to suit different investor needs:
* XRPP – CAD-hedged * XRPP.B – Unhedged CAD * XRPP.U – USD-denominated
All three versions will provide direct exposure to XRP, enabling investors to participate in the asset’s price movements without managing private keys or wallets.
Canada's Leadership in Digital Assets
The new product is built on the XRP Ledger, known for its low-cost and fast cross-border settlement capabilities. Purpose Investments views the approval as a broader endorsement of Canada’s role in supporting institutional-grade crypto infrastructure.
"This OSC approval further demonstrates Canada’s global leadership in building a regulated ecosystem for digital assets," said Vlad Tasevski, Chief Innovation Officer at Purpose.
Significance of the New Product for Investors
Purpose XRP ETF is also eligible for Canadian registered accounts, including TFSAs and RRSPs, providing potential tax advantages for investors. This product continues the firm’s previous launches of Bitcoin and Ethereum ETFs, reinforcing Canada’s position as one of the most progressive jurisdictions for crypto-backed financial products.
The launch of Purpose XRP ETF is a significant event for Canadian investors and highlights the growing legitimacy of digital assets in the traditional financial sector.
