XRP News Today: XRP ETFs Launch on Toronto Stock Exchange June 18 2025

Two XRP ETFs are set to launch on the Toronto Stock Exchange, marking a significant milestone for the cryptocurrency industry as it gains traction in traditional finance. Evolve Funds Group Inc. and Purpose Investments Inc. have both received final prospectus approvals for their respective XRP ETFs, which are expected to begin trading on June 18, 2025.

Evolve Funds Group Inc., managing $7 billion in assets, will launch the Evolve XRP ETF under the ticker symbols XRP (CAD Unhedged) and XRP.U (USD). The fund aims to hold substantially all of its assets in physical XRP, providing investors with a secure and convenient way to hold the cryptocurrency in a brokerage account. The net asset value will be based on the CME CF XRP-Dollar Reference Rate, published daily. The fund will not use derivatives, pay regular distributions, or hedge foreign currency risk.

Elliot Johnson, Chief Investment Officer and Chief Operating Officer at Evolve, highlighted XRP's real-world utility, enabling fast, low-cost cross-border payments and decentralized exchange functionality. The Evolve XRP ETF will passively hold cryptocurrency XRP purchased through Coinbase and other credible platforms.

Purpose Investments Inc. will also launch the Purpose XRP ETF under the ticker XRPP, available in CAD-hedged, CAD non-hedged, and USD units. This move by Purpose Investments Inc. further solidifies the growing interest in XRP ETFs within the Canadian market.

Canada's approval of XRP ETFs is expected to trigger a significant influx of capital into the crypto market. This regulatory approval provides investors with a regulated and accessible way to gain exposure to XRP, one of the leading digital assets. The decision comes at a time when the global crypto market is experiencing increased scrutiny and regulation, positioning Canada as a forward-thinking jurisdiction that recognizes the potential of digital assets.

The introduction of XRP ETFs in Canada is likely to attract both institutional and retail investors seeking diversified investment opportunities in the crypto space. As more investors gain access to XRP through ETFs, the demand for the digital asset is expected to increase, potentially driving up its value. This could also encourage other countries to follow suit and approve similar crypto ETFs, further legitimizing the use of digital assets in traditional financial markets.

The approval of XRP ETFs in Canada is a significant development for the cryptocurrency industry. It not only provides investors with a regulated and accessible way to gain exposure to XRP but also signals a growing acceptance of digital assets in the mainstream financial world. As the crypto market continues to evolve, the introduction of XRP ETFs in Canada is likely to play a crucial role in shaping its future.