In a major step forward for crypto adoption, Canada has officially approved the first-ever spot XRP exchange-traded fund (ETF), set to debut on the Toronto Stock Exchange (TSX). The ETF, launched by Purpose Investments, will begin trading on Wednesday, June 18, 2025, under multiple tickers: XRPP (CAD-hedged), XRPP.B (non-hedged), and XRPP.U (USD version).
This groundbreaking move by the Ontario Securities Commission (OSC) makes Canada the first country to offer a regulated spot ETF for XRP, providing direct exposure to the cryptocurrency without relying on futures contracts or synthetic products. Investors in Canada can now gain access to XRP in a fully compliant structure that is also eligible for tax-advantaged accounts like TFSAs and RRSPs.
Shortly after the news broke, XRP’s price jumped between 7% and 8%, making it one of the top-performing major cryptocurrencies of the day. The rally was driven by renewed confidence in regulatory clarity and institutional interest, further fueling optimism in the altcoin market.
The ETF is designed for both retail and institutional investors who want to gain exposure to XRP’s price movements without the complexities of managing private keys or crypto wallets. According to Purpose Investments, the fund will hold real XRP tokens in cold storage, offering a simple and secure gateway to crypto investment.
Canada continues to outpace other global financial markets when it comes to regulated crypto investment vehicles. It was one of the first to approve spot Bitcoin and Ethereum ETFs, and now leads again with this XRP fund. In contrast, the U.S. Securities and Exchange Commission (SEC) has yet to approve a similar product for American investors, despite increasing pressure and legal challenges.
Crypto analysts believe this move could spark a domino effect in other countries, especially as investor appetite for spot crypto ETFs continues to rise. The launch of XRPP may also revive interest in Ripple Labs’ global partnerships and use cases, as the token gains more legitimacy in regulated finance.
As traditional finance meets blockchain innovation, Canada’s bold approach sets a new standard. The XRP ETF could open the floodgates for more digital assets to be accepted into mainstream portfolios and bring crypto one step closer to the global financial core.
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