XRP News Today: Purpose Investments Launches Canada’s First XRP Spot ETF, Pressuring U.S. Regulators

Purpose Investments has launched Canada’s first XRP spot ETF (XRPP) on the Toronto Stock Exchange, marking a significant milestone in the digital asset space. The ETF provides direct exposure to XRP, with options available in CAD-hedged, CAD, and USD units. This move not only expands Purpose Investments' crypto ETF lineup but also intensifies global pressure on U.S. regulators who are still lagging behind in approving similar products.

The Purpose XRP ETF began trading on June 18, 2025, offering Canadian investors direct spot exposure to XRP, one of the most utilized crypto assets for real-world financial transactions. The ETF is designed to provide institutional and retail access to XRP through a fully compliant, transparent, and publicly traded investment vehicle. This makes it the first-ever regulated product in North America to offer such access.

Vlad Tasevski, Chief Innovation Officer at Purpose Investments, highlighted the high demand for XRP among the firm’s clients. He emphasized XRP's unique positioning for global payments, citing its fast transaction speeds and low fees. XRP, the native token of the XRP Ledger (XRPL), is known for its focus on cross-border payments and its ability to facilitate real-time gross settlement and foreign exchange transactions. This makes it a preferred choice for global banks and payment networks.

Unlike many cryptocurrencies that are still navigating their practical use cases, XRP’s enterprise adoption is well-documented. With transaction speeds under 5 seconds and fees averaging fractions of a cent, XRP addresses a core inefficiency in the global financial infrastructure. Purpose’s ETF capitalizes on this distinct positioning, offering a simplified on-ramp for traditional investors looking to tap into the digital asset’s utility without needing to hold wallets or interact with exchanges.

The XRP ETF features several key highlights tailored for the Canadian investor. These include direct spot exposure to XRP, CAD-hedged and USD options to mitigate currency risk, institutional-grade custody with Gemini and Coinbase, eligibility for registered accounts such as Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs), and an advisor-ready structure designed to be easily integrated into diversified portfolios via traditional brokers and wealth platforms. This turnkey structure aims to remove common barriers to crypto investing, such as security concerns, technical complexity, and tax inefficiencies.

While Purpose Investments is making strides in Canada, regulators in the United States continue to hesitate. The U.S. Securities and Exchange Commission (SEC) has not approved any XRP-based investment product, despite repeated filings from various firms. In contrast, Brazil approved the world’s first XRP ETF in April 2025, traded under the ticker XRPH11 on the B3 Exchange, tracking the Nasdaq XRP Reference Price Index. With Canada now entering the field, North America’s second-largest market has effectively leapfrogged the U.S. in XRP-based regulatory clarity.

Purpose’s move reinforces a broader trend where progressive jurisdictions are capitalizing on regulatory openness to attract crypto capital and innovation. As U.S. ETF issuers continue to wait for SEC approval, Canada and Brazil are building infrastructure that bridges traditional finance with blockchain technologies. Purpose Investments has a history of pushing digital asset boundaries, having previously launched the world’s first spot Bitcoin ETF, direct exposure to ETH, staking-enabled Solana ETF, and Core and Yield ETFs optimized for low-cost or income-generating crypto investing. The launch of XRP makes Purpose the most diversified digital asset ETF provider in Canada, with products tailored for both passive and tactical strategies.

The return of XRP to mainstream finance is supported by more institutional interest following Ripple’s partial legal win in its lawsuit against the SEC last year. The decision that sales of XRP on the public exchanges didn’t constitute securities reopened doors for regulated investment, bringing new hope for a global XRP ETF. The XRP ETF launch should further cement interest in XRP, locking it to traditional capital flow through stock exchanges.