Author: TSX Stocks

Southern Cross Gold (ASX:SX2) Advances Global Reach with TSX Listing Approval

Highlights

  • Southern Cross Gold (ASX:SX2) has received conditional approval to list on the Toronto Stock Exchange

  • The company continues to its ASX listing and operates within the ASX 300 and All Ordinaries indices

  • Sunday Creek Project underscores dual-metal value with gold and antimony mineralization

Southern Cross Gold Consolidated Ltd (ASX:SX2) operates within the materials sector, a presence on the ASX 300 and the broader All Ordinaries of the Australia share market. The company has announced receipt of conditional approval to graduate from the TSX Venture Exchange to a listing on the Toronto Stock Exchange, a move that aligns with its growing strategic significance in the global mining landscape. SX2 will retain its listing on the ASX, allowing Australian market participants continued exposure to its performance.

TSX Listing Approval and Strategic Dual-Market Access

The conditional listing on the Toronto Stock Exchange expands Southern Cross Gold’s visibility within North American markets. This development reflects the growing relevance of SX2’s primary asset, the Sunday Creek Project, located north of Melbourne. Final listing on the TSX remains contingent upon standard procedural requirements, after which the company will delist from the TSX Venture Exchange and commence trading on the TSX under the symbol SXGC.

Sunday Creek Project and Mineral Profile

The Sunday Creek Gold-Antimony Project represents a significant exploration and development effort focused on a high-grade dual-metal system. Situated in a region known for its mineral-rich geology, the project features a unique “Golden Ladder” structure. This pattern of mineralization has been tracked from surface to over a kilometer underground, extending along a multi-kilometre strike.

The combined presence of gold and antimony sets Sunday Creek apart. Antimony, which has gained geopolitical significance following export restrictions from key producers, adds strategic weight to the project’s output. While gold remains the dominant economic driver, the antimony content offers an additional layer of relevance, particularly in the context of defense and technology applications.

Positioning Within Global Critical Mineral Supply Chains

Southern Cross Gold has drawn increased attention due to its inclusion in the United States Defense Industrial Base Consortium and its alignment with legislative updates under the AUKUS framework. These developments position SX2 as a contributor to Western supply chains for critical materials, especially antimony. With key metals like antimony now prioritized for domestic sourcing by multiple governments, Sunday Creek’s dual-metal structure places it in a favorable supply position.

Exploration Activity and Land

The company controls a sizable free land package in the Sunday Creek area, which supports long-term exploration and operational flexibility. An extensive drill program, expected to progress through the third quarter of 2025, reflects ongoing efforts to define and expand the resource base. Drilling to date has yielded consistently mineralized intercepts, strengthening the project’s geological continuity.

Technical Attributes and Metallurgical Efficiency

Initial metallurgical assessments at Sunday Creek have demonstrated favorable characteristics for conventional processing. The mineralization is classified as non-refractory, which supports efficient gold recovery via gravity separation and flotation techniques. These processing efficiencies contribute to the feasibility of long-term extraction while maintaining a lower environmental and operational footprint.

Dividend Relevance Within Corporate Framework

Although Southern Cross Gold remains primarily focused on exploration and project development, its presence in indices like the ASX 300 and All Ordinaries places it among companies often observed for future generating. Entities within these indices are frequently monitored in relation to asx dividend stocks, particularly as they progress toward operational maturity and production phases.

Market and Expansion Path

Southern Cross Gold’s advancements underline a broader trend in the resource sector toward securing diversified listings and engaging cross-jurisdictional bases. The TSX approval and ongoing development at Sunday Creek reinforce the company’s alignment with structural shifts in critical mineral demand and the importance of secure, scalable exploration assets across politically stable jurisdictions.

This Analyst Who Called XRP’s 600% Rally Just Made Another Bold Price Prediction

The XRP
price
has entered a consolidation phase following its 600% surge in 2024,
currently trading at almost $2.16 as of Thursday, June 19, 2025. This
represents a slight decline of 0.11% in the past 24 hours, with the
cryptocurrency maintaining relative stability amid broader market uncertainty.

The
current XRP news landscape is dominated by ongoing settlement
discussions between Ripple and the SEC, creating a complex environment for
price movement analysis.

Moreover, the most up-to-date XRP price predictions for 2025 and beyond suggest that the crypto may soon end current consolidation and reach a new ATH.

XRP price
today reflects a market in transition, with the cryptocurrency
demonstrating resilience despite geopolitical tensions and regulatory
uncertainty. The token has maintained its position above the crucial $2.00
psychological support level, even as trading volumes fluctuate significantly
across major exchanges.

For one
XRP, the current price on Binance is $2.1545, and the price is moving within an
increasingly narrow range between the 50 and 200 EMAs.

XRP/USDT price today. Source: Tradingview.com

Recent
price action shows XRP trading within a narrow range between $2.15 and $2.35,
with technical indicators suggesting continued sideways movement.

The MACD indicator
displays a flat trend, indicating neither strong buying nor selling pressure in
the immediate term. This consolidation pattern follows months of price
stability after the dramatic rally that began in late 2024.

Trading
data reveals substantial volume spikes on certain exchanges, with Coinbase
experiencing an extraordinary 29,140.38% increase in XRP/USD trading volume,
reaching $246.20 million. This unusual activity coincides with increased
speculation around potential XRP exchange -traded fund approvals and
institutional accumulation patterns.

Technical Analysis Shows
XRP Chart Becoming Crowded

Technical
analysis reveals XRP has formed a symmetrical triangle pattern, suggesting a
potential breakout in either direction, though the timing and magnitude remain
uncertain.

Based on my
review of the XRP/USDT chart, the price is moving within a time- and
price-limited wedge (or triangle) pattern, with the lower boundary aligning
with the 200 EMA almost from the very beginning. The 50 EMA currently runs
through the middle of the channel, acting as a local resistance, while the
upper boundary is defined by a series of lower highs formed since this year’s
peak. A breakout from this formation, either upward or downward, could allow
XRP to regain some momentum.

XRP technical analysis. Source: Tradingview.com

Key support
levels are established at $1.79, with analysts noting that a break below this
threshold could trigger additional selling pressure and weaken the current
bullish outlook. Conversely, resistance sits at $2.34, where a decisive
break could signal the beginning of a new upward trend.

Related: XRP Price Could Reach $8 in 2025, According to Latest XRP/USDT Technical Prediction

XRP Price Prediction
Outlook Suggest Another Leg Up

The XRP
price prediction landscape presents mixed signals as the cryptocurrency
navigates through its current consolidation phase.

However, crypto
analyst Michael XBT, who accurately predicted XRP’s previous 600% rally,
suggests the cryptocurrency may be approaching the end of its sideway movement.
His analysis indicates XRP has been consolidating for seven months following
its massive surge, and the next major move could align with broader market
developments.

“Last year, I shared an XRP prediction that helped many ordinary people become millionaires.

The cabal didn’t like it.

They tried to stop me in various ways.

Yesterday, I posted another XRP prediction..

I wouldn’t be surprised if they try to stop me again when it plays out,” he commented.

Short-term
price predictions from various analysts suggest:

Regulatory Developments
and SEC Settlement Impact

The
ongoing Ripple vs SEC case continues to be a primary driver of XRP
price sentiment and market dynamics. Recent developments indicate both parties
are actively pursuing a settlement that could fundamentally alter XRP’s
regulatory landscape.

On June 17,
Ripple filed a Supplemental Letter urging Judge Analisa Torres to acknowledge
the negotiated settlement terms. The company emphasized that the SEC’s
commitment to provide “clear rules of the road” for the crypto
industry supports their request for settlement acknowledgment. This development represents a
significant shift from the adversarial relationship that has characterized the
case since 2020.

The
settlement discussions involve reducing Ripple’s penalty from $125 million to
$50 million and lifting the permanent injunction that restricts institutional
XRP sales. Legal expert Bill Morgan suggests that if the SEC and Ripple
obtain the indicative ruling they’re seeking, the matter could be concluded
within several weeks.

The June
16 deadline for SEC status reports has passed, with the regulator
requesting an additional 60-day extension until August 15, 2025. This
extension allows more time for settlement negotiations while keeping the
appeals process on hold.

You may also like: Kiyosaki Predicts Bitcoin at $1 Million by 2030 as Economic Crisis Looms. How High Can BTC Price Go?

Market Factors Influencing
XRP Price Movement

Several
interconnected factors are currently influencing XRP price dynamics
beyond the regulatory landscape. The broader cryptocurrency market sentiment,
measured by the Fear & Greed Index at 48, indicates neutral territory with
total market capitalization at $3.26 trillion.

ETF
speculation has emerged as a significant catalyst for XRP trading
activity. Purpose Investments reportedly plans to launch Canada’s first spot
XRP ETF on June 18, 2025, listed on the Toronto Stock Exchange under ticker
XRPP3. Additionally, the SEC faces
deadlines on October 18 and 19 to make decisions on proposed XRP-based ETFs
from Grayscale and 21Shares.

Institutional
activity patterns suggest growing accumulation, with Ripple moving 498 million
XRP worth approximately $270 million to unknown wallets, stirring speculation
about strategic positioning. This movement coincides with increased
on-chain engagement and rising investor participation metrics.

The ISO
20022 standard implementation timeline also presents potential catalysts,
with the U.S. Federal Reserve’s Fedwire Funds Service scheduled to complete its
migration on July 14, 2025. This technical upgrade could enhance XRP’s
utility in cross-border payment systems.

Long-term Price
Projections and Market Outlook

Extended XRP
price prediction models present varying scenarios based on different
adoption and regulatory outcomes. Changelly forecasts suggest XRP could reach
minimum prices of $54.48 by January 2034 and maximum levels of $89.64 by
December 2034.

More
conservative projections from Telegaon align closely with Changelly’s
estimates, suggesting consistency among major forecasting platforms. These
long-term predictions assume continued growth in cross-border payment adoption
and favorable regulatory environments.

Scenario analysis indicates:

  • Bullish case: Favorable settlement outcome
    and ETF approvals could drive prices toward $5-8 range by 2026
  • Base case: Continued consolidation with
    gradual appreciation to $3-5 range over 12-18 months
  • Bearish case: Adverse regulatory outcomes
    could pressure prices toward $1.60-2.00 support levels

How High Can XRP Price Go?

The XRP
price currently reflects a market in equilibrium, balancing regulatory
uncertainty against growing institutional interest and technical consolidation
patterns. At $2.16, XRP maintains critical support levels while awaiting
catalysts that could drive the next significant price movement.

Key factors
to monitor include the SEC settlement resolution timeline, ETF approval
decisions, and broader cryptocurrency market sentiment. The combination of
reduced trading volumes and tight price ranges suggests a period of
accumulation before the next major trend emerges.

Market
participants should focus on the August 15 SEC status report deadline and any
developments in the settlement negotiations, as these factors will likely
determine XRP’s near-term price trajectory. The cryptocurrency’s ability to
maintain current support levels while regulatory clarity emerges will be
crucial for sustained price appreciation.

The XRP
price
has entered a consolidation phase following its 600% surge in 2024,
currently trading at almost $2.16 as of Thursday, June 19, 2025. This
represents a slight decline of 0.11% in the past 24 hours, with the
cryptocurrency maintaining relative stability amid broader market uncertainty.

The
current XRP news landscape is dominated by ongoing settlement
discussions between Ripple and the SEC, creating a complex environment for
price movement analysis.

Moreover, the most up-to-date XRP price predictions for 2025 and beyond suggest that the crypto may soon end current consolidation and reach a new ATH.

XRP price
today reflects a market in transition, with the cryptocurrency
demonstrating resilience despite geopolitical tensions and regulatory
uncertainty. The token has maintained its position above the crucial $2.00
psychological support level, even as trading volumes fluctuate significantly
across major exchanges.

For one
XRP, the current price on Binance is $2.1545, and the price is moving within an
increasingly narrow range between the 50 and 200 EMAs.

XRP/USDT price today. Source: Tradingview.com

Recent
price action shows XRP trading within a narrow range between $2.15 and $2.35,
with technical indicators suggesting continued sideways movement.

The MACD indicator
displays a flat trend, indicating neither strong buying nor selling pressure in
the immediate term. This consolidation pattern follows months of price
stability after the dramatic rally that began in late 2024.

Trading
data reveals substantial volume spikes on certain exchanges, with Coinbase
experiencing an extraordinary 29,140.38% increase in XRP/USD trading volume,
reaching $246.20 million. This unusual activity coincides with increased
speculation around potential XRP exchange -traded fund approvals and
institutional accumulation patterns.

Technical Analysis Shows
XRP Chart Becoming Crowded

Technical
analysis reveals XRP has formed a symmetrical triangle pattern, suggesting a
potential breakout in either direction, though the timing and magnitude remain
uncertain.

Based on my
review of the XRP/USDT chart, the price is moving within a time- and
price-limited wedge (or triangle) pattern, with the lower boundary aligning
with the 200 EMA almost from the very beginning. The 50 EMA currently runs
through the middle of the channel, acting as a local resistance, while the
upper boundary is defined by a series of lower highs formed since this year’s
peak. A breakout from this formation, either upward or downward, could allow
XRP to regain some momentum.

XRP technical analysis. Source: Tradingview.com

Key support
levels are established at $1.79, with analysts noting that a break below this
threshold could trigger additional selling pressure and weaken the current
bullish outlook. Conversely, resistance sits at $2.34, where a decisive
break could signal the beginning of a new upward trend.

Related: XRP Price Could Reach $8 in 2025, According to Latest XRP/USDT Technical Prediction

XRP Price Prediction
Outlook Suggest Another Leg Up

The XRP
price prediction landscape presents mixed signals as the cryptocurrency
navigates through its current consolidation phase.

However, crypto
analyst Michael XBT, who accurately predicted XRP’s previous 600% rally,
suggests the cryptocurrency may be approaching the end of its sideway movement.
His analysis indicates XRP has been consolidating for seven months following
its massive surge, and the next major move could align with broader market
developments.

“Last year, I shared an XRP prediction that helped many ordinary people become millionaires.

The cabal didn’t like it.

They tried to stop me in various ways.

Yesterday, I posted another XRP prediction..

I wouldn’t be surprised if they try to stop me again when it plays out,” he commented.

Short-term
price predictions from various analysts suggest:

Regulatory Developments
and SEC Settlement Impact

The
ongoing Ripple vs SEC case continues to be a primary driver of XRP
price sentiment and market dynamics. Recent developments indicate both parties
are actively pursuing a settlement that could fundamentally alter XRP’s
regulatory landscape.

On June 17,
Ripple filed a Supplemental Letter urging Judge Analisa Torres to acknowledge
the negotiated settlement terms. The company emphasized that the SEC’s
commitment to provide “clear rules of the road” for the crypto
industry supports their request for settlement acknowledgment. This development represents a
significant shift from the adversarial relationship that has characterized the
case since 2020.

The
settlement discussions involve reducing Ripple’s penalty from $125 million to
$50 million and lifting the permanent injunction that restricts institutional
XRP sales. Legal expert Bill Morgan suggests that if the SEC and Ripple
obtain the indicative ruling they’re seeking, the matter could be concluded
within several weeks.

The June
16 deadline for SEC status reports has passed, with the regulator
requesting an additional 60-day extension until August 15, 2025. This
extension allows more time for settlement negotiations while keeping the
appeals process on hold.

You may also like: Kiyosaki Predicts Bitcoin at $1 Million by 2030 as Economic Crisis Looms. How High Can BTC Price Go?

Market Factors Influencing
XRP Price Movement

Several
interconnected factors are currently influencing XRP price dynamics
beyond the regulatory landscape. The broader cryptocurrency market sentiment,
measured by the Fear & Greed Index at 48, indicates neutral territory with
total market capitalization at $3.26 trillion.

ETF
speculation has emerged as a significant catalyst for XRP trading
activity. Purpose Investments reportedly plans to launch Canada’s first spot
XRP ETF on June 18, 2025, listed on the Toronto Stock Exchange under ticker
XRPP3. Additionally, the SEC faces
deadlines on October 18 and 19 to make decisions on proposed XRP-based ETFs
from Grayscale and 21Shares.

Institutional
activity patterns suggest growing accumulation, with Ripple moving 498 million
XRP worth approximately $270 million to unknown wallets, stirring speculation
about strategic positioning. This movement coincides with increased
on-chain engagement and rising investor participation metrics.

The ISO
20022 standard implementation timeline also presents potential catalysts,
with the U.S. Federal Reserve’s Fedwire Funds Service scheduled to complete its
migration on July 14, 2025. This technical upgrade could enhance XRP’s
utility in cross-border payment systems.

Long-term Price
Projections and Market Outlook

Extended XRP
price prediction models present varying scenarios based on different
adoption and regulatory outcomes. Changelly forecasts suggest XRP could reach
minimum prices of $54.48 by January 2034 and maximum levels of $89.64 by
December 2034.

More
conservative projections from Telegaon align closely with Changelly’s
estimates, suggesting consistency among major forecasting platforms. These
long-term predictions assume continued growth in cross-border payment adoption
and favorable regulatory environments.

Scenario analysis indicates:

  • Bullish case: Favorable settlement outcome
    and ETF approvals could drive prices toward $5-8 range by 2026
  • Base case: Continued consolidation with
    gradual appreciation to $3-5 range over 12-18 months
  • Bearish case: Adverse regulatory outcomes
    could pressure prices toward $1.60-2.00 support levels

How High Can XRP Price Go?

The XRP
price currently reflects a market in equilibrium, balancing regulatory
uncertainty against growing institutional interest and technical consolidation
patterns. At $2.16, XRP maintains critical support levels while awaiting
catalysts that could drive the next significant price movement.

Key factors
to monitor include the SEC settlement resolution timeline, ETF approval
decisions, and broader cryptocurrency market sentiment. The combination of
reduced trading volumes and tight price ranges suggests a period of
accumulation before the next major trend emerges.

Market
participants should focus on the August 15 SEC status report deadline and any
developments in the settlement negotiations, as these factors will likely
determine XRP’s near-term price trajectory. The cryptocurrency’s ability to
maintain current support levels while regulatory clarity emerges will be
crucial for sustained price appreciation.

Southern Cross Gold Moves Toward TSX Listing | ASX 300 & All Ordinaries Mining Update

Highlights

  • Southern Cross Gold (SX2) secures conditional nod for TSX main board listing

  • Shares to remain listed on ASX, part of the ASX 300 and All Ordinaries indices

  • No shareholder action required as TSX transition progresses

Southern Cross Gold (ASX:SX2), a mining company listed on both the ASX 300 and the all ordinaries, has confirmed it has received conditional acceptance for an upgrade from the TSX Venture Exchange to the Toronto Stock Exchange. The move reflects the company’s pursuit of broader market visibility while continuing its established presence in Australia through the Australian Securities Exchange.

TSX Listing Approval and Planned Transition

The planned transition to the TSX remains subject to standard documentation completion. Once finalized, the shares will begin trading on the TSX under the new symbol SXGC, and the delisting from the TSX Venture Exchange will follow. Despite the change in Canadian market platforms, SX2 will retain its listing on the ASX. Shareholders will not be required to make any changes, and both the trading symbol and CUSIP are expected to remain consistent.

ASX and All Ordinaries Positioning

Southern Cross Gold continues to trade as part of both the ASX 300 and all ordinaries, indicating its standing within the broader spectrum of the Australian share market. These indices encompass a wide range of companies across sectors, and inclusion the company meets specific trading volume and capitalisation benchmarks. Mining plays a substantial role in these indices, highlighting the relevance of companies like SX2 within the Australian economic landscape.

Cross-Market Strategy for Broader Visibility

The dual listing framework that includes the ASX and TSX may provide SX2 with added presence across two of the most active mining jurisdictions globally. This strategy is commonly seen among resource exploration firms aiming to reflect operations in both Australia and North America. With both exchanges facilitating substantial activity in natural resource equities, this shift aligns with prevailing industry structures.

Operational Continuity and Shareholder Clarity

The company has stated there is no requirement for any shareholder action during this transition phase. Existing structures such as account, symbol reference, and identification numbers remain unaffected by the Canadian listing shift. The final commencement date for TSX trading will be communicated upon completion of the required documentation steps.

Maintaining ASX Presence During TSX Expansion

Despite the Canadian listing adjustment, SX2 retains its position in the Australian share market, reinforcing its domestic activity. The ASX remains the home exchange for Southern Cross Gold, and its continued inclusion in the all ordinaries provides broad market exposure to Australian participants. SX2’s focus on gold exploration aligns with one of the core industries represented on the ASX.

Sector Integration and Listing Developments

Mining remains a foundational component within Australia’s key indices, including the all ordinaries and ASX 300. Southern Cross Gold’s ongoing inclusion in these indices consistent activity within its operational segment. The planned TSX main board listing represents an administrative shift rather than a strategic relocation, supporting a broader dual-market alignment strategy.

Simon Hall and Michelle De Biolley Join Caldwell, Strengthening Firm’s Board & CEO and Financial Services Practices

TORONTO, ON AND LONDON, UK / ACCESS Newswire / June 19, 2025 / Retained executive search firm Caldwell (TSX:CWL)(OTCQX:CWLPF) today announced that Simon Hall and Michelle De Biolley have joined the firm, bolstering Caldwell’s capabilities in board governance and financial services leadership. Hall joins as a partner and key member of the firm’s Board & CEO and Financial Services practices, while De Biolley joins as a partner in the Financial Services Practice.

Simon Hall joins Caldwell as a Partner in the Board & CEO and Financial Services practices, bringing over 30 years of global executive search and board advisory experience.

Hall brings more than 30 years of experience advising boards and senior executive teams on leadership strategy, succession planning, and executive search. He has worked extensively with global and boutique investment banks, private equity firms, and financial institutions, placing top-tier talent in CEO, board, and senior leadership roles. His ability to understand the nuances of the sector and connect organizations with exceptional leadership has made him a trusted advisor in the industry. Prior to joining Caldwell, Hall founded and led Stonehaven International, a London-based boutique executive search firm specializing in financial services and board governance. He also previously served as global managing partner at Heidrick & Struggles, where he played a pivotal role in doubling the revenues of the firm’s global financial services practice.

“Simon’s arrival represents a major step forward in the continued evolution of our Board and CEO Practice,” said Jay Millen, leader of Caldwell’s Board and CEO Practice. “His deep experience in board governance, coupled with his proven ability to identify and place transformative leadership talent, will be invaluable to our clients. I look forward to working alongside him as we continue to strengthen our capabilities and provide unparalleled service to boards and executive teams worldwide.”

Michelle de Biolley joins Caldwell as a Partner in the Financial Services Practice, bringing deep expertise in executive search across investment banking, private banking, and private equity.

De Biolley brings more than two decades of experience in executive search and leadership advisory across investment banking, private banking, and private equity. She began her career in banking, working in project finance and M&A, and has since served as a trusted advisor to financial institutions across Europe. She is also trained as a business and executive coach, bringing a well-rounded, relationship-driven approach to her work with clients and candidates alike.

“Simon and Michelle bring an incredible track record of success in executive search, particularly in financial services and board governance,” said Chris Beck, CEO of Caldwell. “Their expertise, client-first approach, and history of delivering transformational leadership solutions align perfectly with Caldwell’s values and commitment to quality. Their joining is an exciting development as we continue to invest in world-class talent to meet the evolving needs of our clients.”

Hall commented, “Joining Caldwell is a tremendous opportunity to expand our impact on behalf of clients around the world. The firm’s collaborative culture, global reach, and commitment to excellence create a powerful platform for delivering exceptional leadership solutions. I’m thrilled to be working alongside such a talented and forward-thinking team.”

​​About Caldwell

Caldwell is a leading retained executive search firm connecting clients with transformational talent. Together with IQTalent, we are a technology-powered talent acquisition firm specializing in recruitment at all levels. Through the two distinct brands – Caldwell and IQTalent- the firm leverages the latest innovations in AI to offer an integrated spectrum of services delivered by teams with deep knowledge in their respective areas. Services include candidate research and sourcing through to full recruitment at the professional, executive and board levels, as well as a suite of talent strategy and assessment tools that can help clients hire the right people, then manage and inspire them to achieve maximum business results.

Caldwell’s common shares are listed on The Toronto Stock Exchange (TSX:CWL) and trade on the OTCQX Market (OTCQX:CWLPF). Please visit our website at www.caldwell.com for further information.

More from this section

For further information, please contact:

Caroline Lomot

Vice President, Marketing & Communications

Caldwell

clomot@caldwell.com

+1 516 830 3535

SOURCE: Caldwell Partners International, Inc.

View the original

press release

on ACCESS Newswire

XRP network activity surges as Canada launches an XRP ETF

Canadian asset manager 3iQ has launched an XRP-focused exchange-traded fund (ETF) on the Toronto Stock Exchange (TSX) under the XRPQ ticker.

According to a June 18 statement, XRPQ will offer investors a six-month waiver on management fees and hold only long-term positions on the digital asset. These assets are sourced from reputable exchanges and over-the-counter (OTC) platforms, and custody is secured through cold storage.

3iQ stated that Ripple, the blockchain firm connected to the token and the XRP Ledger (XRPL), is an early backer of the fund.

Pascal St-Jean, President and CEO of 3iQ, said:

“XRP has demonstrated significant growth potential over the past decade, and this groundbreaking strategy offers Canadian and qualified global investors a transparent, low-cost and tax-efficient way to securely access that opportunity.”

XRPQ is available to Canadian investors through registered accounts. The asset manager added that eligible global investors may also participate, subject to regional rules.

This launch follows a similar move by Purpose Investments, which debuted its own XRP ETF earlier this week.

XRP Ledger activity spikes

The timing of XRPQ’s launch aligns with a notable surge in XRP network activity.

Data from Santiment shows that active addresses on the XRP Ledger have jumped from a three-month average of 40,000 to 295,000, the highest level seen in 2025.

The firm also noted that the number of wallets holding over 1 million XRP has reached a record 2,700. This group now holds a minimum of $2.25 million in XRP each, indicating rising interest from large investors and institutions.

XRP Ledger Adoption
Chart showing active addresses on the XRP Ledger (Source: Santiment)

This improved network activity can be linked to the blockchain network’s rising adoption by several stablecoin projects, such as Circle’s USD Coin (USDC).

Moreover, the growth can also be linked to the developments in the long-standing legal battle between the US Securities and Exchange Commission (SEC) and Ripple.

On June 17, the crypto-focused firm submitted a supplemental letter to Judge Analisa Torres in its bid for an indicative ruling.

In the letter, Ripple sought to resolve a past court ruling that ordered a $125 million penalty.

The company emphasized that this move does not challenge the court’s findings. Instead, it aims to conclude proceedings efficiently while respecting securities laws. It also said it remains committed to full compliance and supports a resolution that reduces strain on the appeals process.

Mentioned in this article
Posted In: , , ETF, Trading

Globex Mining Enterprises Announces Results of Annual Meeting


Globex Mining Enterprises Announces Results of Annual Meeting – Toronto Stock Exchange News Today – EIN Presswire




















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The World’s First Spot XRP ETF Debuts in Canada

The World's First Spot XRP ETF Debuts in Canada

Opening today, Purpose Investments’ XRP ETF (ticker XRPP) has become the first fund anywhere to offer investors direct, regulated exposure to XRP, the cryptocurrency behind Ripple’s payment network, through an exchange-traded vehicle. Trading began on the Toronto Stock Exchange at the opening bell, marking another Canadian first in digital-asset finance after the country pioneered spot bitcoin and ether ETFs in 2021 and 2023, respectively.

Regulatory Green Light and Listing Details

Ontario Securities Commission staff issued a final prospectus receipt earlier this week, clearing the way for today’s launch. The ETF lists in three share classes: CAD-hedged (XRPP), unhedged CAD (XRPP.B) and USD (XRPP.U), mirroring the structure Purpose already uses for its bitcoin and ether products. All units give investors unleveraged, one-for-one exposure to spot XRP held in cold storage by Gemini and Coinbase, with daily transparency on holdings published to the fund’s website.

Significance for Canada’s Crypto Market

The listing cements Canada’s role as an early adopter of regulated crypto investment vehicles. By beating the United States to a spot XRP product, Canadian issuers extend their lead in offering mainstream access to alternative digital assets. Purpose chief innovation officer Vlad Tasevski said demand for “advisor-ready” structures has risen sharply since last year’s approval of multi-asset crypto funds, adding that XRP has been “one of the most requested” additions to the firm’s line-up.

Investor Appeal, Costs and Risks

XRPP charges a management fee of 0.69%, broadly in line with established crypto ETFs and well below typical fees at retail exchanges. The CAD-hedged class aims to neutralise currency swings for domestic buyers, while the unhedged and USD units cater to those comfortable assuming foreign-exchange risk. Purpose emphasises that the ETF can be held in registered plans such as RRSPs and TFSAs, removing the need for self-custody or specialist brokerage accounts. Still, the fund’s prospectus warns that XRP remains highly volatile and that regulatory outcomes in the United States, where the token is still embroiled in securities litigation, could affect liquidity and price.

Competitive and International Context

Purpose’s milestone has spurred immediate competition. Just hours after XRPP’s debut, rival manager 3iQ rang the TSX closing bell to celebrate the launch of XRPQ, a second spot XRP ETF that is waiving management fees for its first six months. The rapid follow-on illustrates both the depth of Canadian capital markets infrastructure and the scramble among issuers to secure first-mover advantage ahead of any future U.S. approvals. South of the border, firms such as Franklin Templeton and ProShares have pending filings, but the Securities and Exchange Commission is unlikely to decide before the autumn, even under its more crypto-friendly leadership.

Conclusion

With XRPP now trading, Canadian investors have a new, regulated path to one of the largest alternative crypto-assets. Supporters argue that XRP’s real-world payments focus diversifies crypto exposure beyond bitcoin’s “digital gold” narrative. Critics counter that unresolved U.S. litigation and token-price volatility make the asset a niche allocation at best. For now, the launch underscores Canada’s willingness to test regulated crypto innovation while larger markets deliberate. Whether the product attracts enduring flows will depend on market sentiment, fee competition and the pace of legal clarity abroad.

Purpose Investments Announces 0% Management Fee Until February 1, 2026, for Newly Launched Purpose XRP ETF


Purpose Investments Announces 0% Management Fee Until February 1, 2026, for Newly Launched Purpose XRP ETF – Toronto Stock Exchange News Today – EIN Presswire




















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Another XRP ETF Comes to Canada as 3iQ Launches XRPQ on Toronto Stock Exchange

Crypto asset manager 3iQ has introduced an XRP

exchange-traded fund (ETF) on the Toronto Stock Exchange, the company said on Wednesday.

The 3iQ XRP ETF (TSX: XRPQ) will launch with a 0% management fee for the first six months and is available for investment through registered accounts in Canada, and its TSX listing enables access for qualified investors globally, subject to local regulations, according to a press release.

STORY CONTINUES BELOW

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Earlier this week, asset manager Purpose Investments announced it would also begin on Wednesday trading of a spot XRP ETF on the Toronto Stock Exchange under the XRPP ticker.

3iQ was one of the first fund managers to list a bitcoin

fund, with its Bitcoin Fund on the TSX, and the first with a publicly listed ether fund, also in Toronto. Ripple, the creator of the XRP token, is an early investor in 3iQ’s XRPQ vehicle (the amount invested was not disclosed).

“XRP has demonstrated significant growth potential over the past decade, and this groundbreaking strategy offers Canadian and qualified global investors a transparent, low-cost and tax-efficient way to securely access that opportunity,” said Pascal St-Jean, president and CEO of 3iQ.

“Ripple Labs’ investment support reflects our shared leadership in advancing the digital asset space,” he said.

The 3iQ team will ring the closing bell this afternoon on the TSX floor to commemorate the ETF launch, the company said.

Read more: Spot XRP ETF Set to Start Trading in Canada This Week After Regulatory Nod, Token Up 7%

XRP ETF Debuts in Canada: What’s the Best Crypto to Buy Next?

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Ontario Securities Commission (OSC) has granted Purpose Investments Inc. the approval to launch a spot XRP exchange-traded fund (ETF) on the Toronto Stock Exchange (TSX).

This particular ETF will offer CAD-hedged, CAD non-hedged, and US dollar XRP products from June 18 onwards.

Interestingly enough, Purpose Investments is the same financial entity that launched the world’s first Bitcoin ETF back in 2021.

$XRP welcomed the news with an 8% increase on June 16. What’s more, there has also been a lot of whale activity around $XRP.

  • Around 2,700 whales now hold more than 1M XRP – the highest in the token’s history.
  • Plus, the number of active XRP addresses clocked in at 295K per day in the last week, compared to an average of 35-40K in previous months.

As investor interest around $XRP continues to grow, we’ll point you towards the best crypto to buy now to benefit from this development.

$XRP Technical Analysis

$XRP has been trading in a tight zone for a few weeks now. The immediate support is around $2.10–$2.05, with resistance at $2.34.

The token tried to break through the resistance on June 16, i.e., when the XRP ETF was approved.

Although the breakout wasn’t successful, the tides could change soon thanks to growing whale interest and XRP product launches.

XRP whale dream

An XRP bull run could see the token hit $3 in the next few weeks and up to $4 by the end of the year.

The RSI (relative strength index) is also around 46, which is a ripe neutral level, indicating shifting market sentiments, probably towards the buy side.

With XRP gaining momentum, this could be the start of a broader altcoin rally. Here are the best tokens to buy now to ride the wave.

1. Snorter Token ($SNORT) – Best Crypto to Buy Now, Powers a Top Telegram Trading Bot

Snorter Token ($SNORT) is hands down one of the best cryptos to invest in right now. It’s the native cryptocurrency of the highly secure, feature-laden, and easy-to-use Telegram trading bot.

Snorter’s biggest selling point is the automated sniping of new meme coins on presale. Noted that this is nearly impossible to do manually because of crypto whales and their automated tools.

Snorter Token ($SNORT)

In addition to being super easy to use – just top up your crypto wallet and trade directly from Telegram – Snorter is also incredibly privacy-conscious.

It comes with MEV-resistant systems that will protect you from sandwich attacks. What’s more, there’s also protection against rug pulls and honeypots.

Buying $SNORT will not only give you total access to Snorter Bot, but it’ll also lower the trading fees from 1.15% to just $0.85%, which is the lowest in the industry.

Snorter Token is currently in presale, with over $1M in early investor funding so far. One token is currently available for just $0.0957, and here’s how you can buy it.

2. BTC Bull Token ($BTCBULL) – Best Meme Coin for Bitcoin Maximalists

It wouldn’t be speculation but a simple educated guess to say that Bitcoin will join XRP in the next bull run.

If you want to maximize your returns from a Bitcoin rally, BTC Bull Token ($BTCBULL) is the best altcoin to buy now.

This crypto project works by distributing free $BTC to its token holders (via airdrops) every time Bitcoin reaches a new milestone ($150K & $200K) for the first time.

BTC Bull Token ($BTCBULL)

To be eligible, you’ll need to buy $BTCBULL tokens and store them in Best Wallet. Also, make sure to opt-in to the project’s airdrop events on social media.

In addition to a unique airdrop system, BTC Bull Token will also follow a deflationary approach. This means it’ll strategically reduce its total token supply at regular intervals to preserve demand and crank up the token’s price.

If you want to be on the receiving end of $BTCBULL’s potential 1,800% rally, become an early investor now.

The project is currently in presale, where it has raised more than $7.2M at the time of writing.

3. Aura ($AURA) – Hottest Token on the Market Right Now

As you might have guessed, $AURA is based on the internet phenomenon ‘aura,’ also known as digital vibe or clout on social media platforms like X and TikTok.

Token holders get a chance to quantify their ‘aura’ by using the project’s one-of-a-kind meme generator to create +Aura memes.

Aura ($AURA)

Despite being a hype-driven token, not one with real utility, $AURA is the best recent example that meme coins don’t have to have strong fundamentals to be profitable investments.

It’s one of the top trending cryptos right now, having climbed up nearly 135% over the past week.

It’s currently trading at $0.1317, and a brief look at its chart suggests that it has the potential to rise higher, as it’s about to break through a descending triangle pattern.

Final Thoughts

The approval of the XRP spot ETF in Canada marks a pivotal moment for the broader crypto industry, signaling growing institutional confidence and mainstream adoption.

We believe that new cryptos like Snorter Token ($SNORT) and BTC Bull Token ($BTCBULL) could be the perfect way to fuel the market’s excitement and bullishness.

However, kindly bear in mind that crypto investments are highly risky. Our articles aren’t financial advice, and you must always do your own research before investing.

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