XRP News Today: Purpose Investments to Launch Spot XRP ETF on TSX June 18 2025

The Ontario Securities Commission (OSC) has given Purpose Investments the green light to launch a spot XRP exchange-traded fund (ETF) in Canada. The ETF, which will trade under the ticker XRPP, is set to begin trading on the Toronto Stock Exchange (TSX) on Wednesday, June 18, 2025. This development is a notable step forward in the expansion of crypto-linked investment products within regulated markets.

The Purpose XRP ETF will provide investors with direct exposure to XRP, the native token of the XRP Ledger, through a regulated investment vehicle. The fund will be offered in three formats: CAD-hedged, CAD non-hedged, and USD. It will also be eligible for registered investment accounts such as Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs). This accessibility makes it easier for Canadian investors to incorporate XRP into their traditional investment portfolios, further blending digital assets with mainstream financial products.

XRP is engineered to facilitate low-cost, rapid cross-border payments through its decentralized ledger system. The launch of the Purpose XRP ETF follows Purpose’s earlier introduction of the world’s first spot bitcoin ETF in Canada in 2021. According to Vlad Tasevski, Chief Innovation Officer at Purpose Investments, this approval reinforces Canada’s position as a global leader in developing a regulated digital asset ecosystem.

The OSC's approval of the Purpose XRP ETF prospectus highlights the regulatory body's dedication to promoting innovation in the digital asset space while ensuring investor protection. This approval is particularly significant as other major jurisdictions, including the United States, have yet to approve a spot XRP product. Canada's continued expansion of regulated digital asset offerings positions it as a leader in the global digital asset ecosystem.

The Purpose XRP ETF offers investors a way to gain exposure to XRP without the need to directly hold the asset or manage private keys. This feature is attractive to investors who are interested in the potential of digital assets but may be hesitant to deal with the complexities of direct cryptocurrency ownership. The ETF provides a secure and straightforward investment option, aligning with the growing demand for regulated access to digital assets.

The launch of the Purpose XRP ETF is anticipated to draw investor interest, given XRP's status as one of the most traded digital assets by volume globally. The move reflects investor optimism around regulated access to XRP, which has seen a rise in price following the announcement. This optimism is driven by the potential for XRP to facilitate efficient cross-border payments, a use case that has garnered significant attention in the financial industry.

In summary, the launch of the Purpose XRP ETF on the TSX on June 18, 2025, represents a significant development in the digital asset investment landscape. It provides Canadian investors with a regulated and accessible way to gain exposure to XRP, further integrating digital assets into mainstream investment portfolios. This move underscores Canada's leadership in the regulated digital asset ecosystem and sets a precedent for other jurisdictions to follow.