XRP News Today: Canada Launches First XRP Spot ETFs on TSX

Canada has made a significant move in the cryptocurrency market with the launch of its first XRP spot ETF on the Toronto Stock Exchange (TSX). The Purpose XRP ETF, trading under the ticker XRPP, began trading on June 18, 2025. This ETF provides Canadian investors with direct exposure to XRP, one of the leading cryptocurrencies by market capitalization, without the need to hold the asset directly. The fund is available in three versions, including a CAD-hedged option to help investors mitigate U.S. dollar currency risk.

Investors can access XRP through tax-advantaged accounts such as TFSAs and RRSPs without directly holding or managing cryptocurrency wallets. The ETF is available in three distinct units: XRPP for CAD-hedged, XRPP.B for CAD non-hedged, and XRPP.U for USD denomination. Backed by custodians Gemini and Coinbase, the ETF uses cold storage to secure XRP assets, aligning with institutional-grade standards.

Following closely, 3iQ, a prominent digital asset management firm, introduced its own XRP ETF, the 3iQ XRP ETF (XRPQ), also on the TSX. This ETF offers investors a transparent, low-cost, and tax-efficient way to access XRP. Notably, Ripple, the creator of the XRP Ledger and XRP, is an early investor in the 3iQ XRP ETF. The fund features a 0% management fee for the first six months and invests strictly in long-term XRP positions purchased from popular exchanges and over-the-counter (OTC) platforms. All holdings are kept securely in cold storage, ensuring the safety of the assets.

The launch of these ETFs comes at a time when institutional interest in XRP is growing, particularly as Ripple and the U.S. Securities and Exchange Commission (SEC) work towards resolving their longstanding legal case. While the U.S. has already approved spot investment vehicles for Bitcoin and Ether, many investment managers are eager to be the first to gain approval for tokens like XRP. The approval of these ETFs in Canada highlights the region's progressive stance on cryptocurrency investments and its willingness to embrace innovative financial products.

The Purpose XRP ETF and the 3iQ XRP ETF represent significant milestones in the cryptocurrency market. They offer investors a regulated and secure way to gain exposure to XRP, which has shown significant growth potential over the past decade. The launch of these ETFs is expected to attract more institutional investors to the cryptocurrency market, further driving its growth and adoption.