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Spot XRP ETF Set to Start Trading in Canada This Week After Regulatory Nod, Token Up 7%
The Purpose XRP ETF, issued by the asset manager of the world's first spot bitcoin ETF, is set to start trading on June 18 on the Toronto Stock Exchange.
Updated Jun 16, 2025, 5:44 p.m. Published Jun 16, 2025, 5:41 p.m.
What to know:
- Purpose Investments will launch a spot XRP exchange-traded fund (ETF) in Canada after receiving regulatory approval.
- The ETF will trade on the Toronto Stock Exchange under the ticker XRPP starting Wednesday, June 18.
- XRP's price rose nearly 7% over the past 24 hours, outperforming bitcoin and the CoinDesk 20 Index.
- Purpose launched the world's first spot bitcoin ETF, in Canada, in 2021.
Asset manager Purpose Investments is set to launch a spot XRP exchange-traded fund (ETF) in Canada this week after obtaining regulatory approval, giving investors a way to gain exposure to the fourth-largest cryptocurrency by market capitalization through traditional investment accounts.
The ETF will start trading on the Toronto Stock Exchange on Wednesday, June 18, under the XRPP ticker, according to a Monday press release. The move comes after the Ontario Securities Commission (OSC) granted final prospectus receipt for the investment vehicle, the company said.
XRP was up nearly 7% over the past 24 hours following the news, outperforming bitcoin and the broad-market CoinDesk 20 Index.
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"The OSC’s granting of a receipt for the Purpose XRP ETF prospectus reinforces Canada’s global leadership in building a regulated digital asset ecosystem," Vlad Tasevski, chief innovation officer at Purpose Investments, said in a press release.
Purpose Investments in 2021 launched in Canada the world's first spot bitcoin ETF, years before the vehicles' approval in the U.S.
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