XRP News Today: Purpose Investments Launches XRP ETF on TSX June 18 2025

Purpose Investments has secured final regulatory approval from the Ontario Securities Commission (OSC) to launch its Purpose XRP ETF. The ETF is scheduled to begin trading on the Toronto Stock Exchange (TSX) on June 18, 2025, under the ticker symbol XRPP. This development represents a significant advancement in Canada’s cryptocurrency investment landscape, providing retail and institutional investors with direct access to spot XRP, the digital asset that powers the XRP Ledger.

The Purpose XRP ETF will offer investors exposure to XRP, which is designed for fast and cost-effective cross-border payments. The ETF will provide three different unit options to cater to various investor preferences: XRPP for CAD-hedged units, XRPP.B for CAD non-hedged units, and XRPP.U for USD units. This structure allows investors to choose based on their currency needs. Additionally, the ETF will be eligible for tax-efficient registered accounts such as Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs), making it easier for Canadians to incorporate digital assets into their investment portfolios.

Purpose Investments has established itself as a leader in the Canadian digital asset investment space, having previously launched the first Bitcoin and Ethereum ETFs on the TSX in 2021. The company’s entry into the XRP market further cements its position as an innovator in regulated crypto investments. According to Vlad Tasevski, Chief Innovation Officer at Purpose Investments, the approval from the OSC underscores Canada’s leadership in developing a secure, regulated ecosystem for digital assets.

The launch of the Purpose XRP ETF will offer investors a reliable, transparent, and secure way to invest in XRP without the need to directly purchase or manage the cryptocurrency themselves. This development is expected to attract both institutional and retail investors looking to diversify their portfolios with exposure to digital assets. As more countries, including Canada, embrace digital currencies, regulated ETFs like Purpose’s will likely play a crucial role in bridging the gap between traditional finance and the digital economy.

Looking ahead, Purpose Investments’ success with the Purpose XRP ETF could signal a broader shift in the digital asset investment space. With the potential for further regulatory advancements and market acceptance, Purpose Investments could continue to lead the way in providing secure and transparent investment opportunities in the digital asset sector, helping shape the future of crypto-based financial products.