Canada Approves First XRP Spot ETF on Toronto Stock Exchange
Emmanuel Musa
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Crypto News
Canada Approves First XRP Spot ETF on Toronto Stock Exchange
Purpose Investments will launch Canada’s first spot XRP exchange-traded fund (ETF) on the Toronto Stock Exchange on June 18, offering investors regulated exposure to XRP in both CAD and USD.
XRP ETF by Purpose Receives Green Light, Trading Set to Begin June 18
Purpose Investments Inc. has secured final approval from Canadian regulators to launch its Purpose XRP ETF, the country’s first spot ETF offering direct exposure to XRP, the native token of the XRP Ledger. Trading for the ETF will begin on Wednesday, June 18, 2025, on the Toronto Stock Exchange under the ticker XRPP.
This ETF marks a milestone in the evolution of digital asset investment in Canada, giving investors a simple and regulated way to gain exposure to XRP, one of the world’s largest cryptocurrencies used primarily for fast, low-cost cross-border transactions.
“The granting of the Purpose XRP ETF reinforces Canada’s leadership in building a regulated digital asset ecosystem. We’re proud to continue pushing the boundaries by offering investors simple, secure access to the infrastructure powering real-world blockchain adoption,” said Vlad Tasevski, Chief Innovation Officer at Purpose Investments.
With over $24 billion in assets under management, Purpose Investments continues its push to make digital assets accessible through transparent, regulated financial products. The ETF arrives amid growing demand for crypto-backed investment vehicles in traditional markets, further bridging the gap between digital finance and institutional-grade portfolios.
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