Canada Approves First XRP Spot ETF, Launches on June 18
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A significant moment has come for the cryptocurrency industry! Purpose Investments Inc. has received final approval for its **Purpose XRP ETF**. The ETF will commence trading on the Toronto Stock Exchange (TSX) on Wednesday, June 18, 2025, with the ticker symbol XRPP.
This marks the introduction of Canada’s first spot XRP ETF, offering investors a straightforward, regulated path to directly invest in XRP.
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Vlad Tasevski, Chief Innovation Officer at Purpose Investments, hailed the approval as a milestone for the Canadian crypto market. He emphasized Canada’s increasing role in establishing a secure, regulated space for digital assets. Tasevski stated, “We are delighted to pioneer the provision of safe, dependable access to blockchain technologies for investors.”
The newly approved fund will be accessible in various versions to cater to diverse investor preferences:
– XRPP: CAD-hedged units
– XRPP.B: CAD non-hedged units
– XRPP.U: US dollar units
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Investors will have the option to hold the **Purpose XRP ETF** in tax-efficient accounts such as TFSAs and RRSPs, facilitating Canadians’ expansion into cryptocurrencies through trustworthy, regulated avenues.
This development coincides with a crucial stage in the Ripple vs. SEC lawsuit in the United States. As the legal landscape potentially clears up, the increasing global recognition of XRP is evident in initiatives like this.
Notably, the XRP market is displaying optimistic indicators, with the price surging over 7% and surpassing the significant $2.30 threshold at the time of this report.
Note: Investments carry market risks. Please invest carefully. We do not accept responsibility for any financial losses.
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