Canada Launches World’s First Spot XRP ETFs 🆕
Canada has launched the world’s first spot XRP exchange-traded funds (ETFs) on June 18, 2025, through the Toronto Stock Exchange (TSX). Managed by Purpose Investments, the Purpose XRP ETF, trading under the ticker XRPP, offers investors direct exposure to XRP, the native token of the XRP Ledger, in CAD-hedged (XRPP), CAD non-hedged (XRPP.B), and USD (XRPP.U) units.
The Ontario Securities Commission (OSC) approved the fund, marking a milestone in regulated crypto investment.The claim of attracting $7–8 billion in capital appears overstated. Posts on X suggest Canadian crypto ETFs currently hold around $8 billion in total assets, and with XRP comprising ~4% of the crypto market, estimates indicate $200–300 million could flow into these ETFs. The launch has boosted XRP’s price by nearly 7%, reflecting strong market optimism, and may pressure U.S. regulators to approve similar products, given Canada’s lead in crypto ETF innovation.
This move enhances institutional and retail access to XRP through traditional investment accounts, like TFSAs and RRSPs, and reinforces Canada’s role as a pioneer in regulated digital asset ecosystems. However, XRP faces ongoing regulatory challenges, such as a lawsuit in Oregon labeling it an unregistered security, which could impact future global approvals.
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