The ETF allows investors to gain exposure to XRP without directly holding the token or managing private keys, offering a simpler way to invest in the asset.
XRP's price rose nearly 8% in the 24 hours following the announcement, outperforming Bitcoin.
Purpose Investments has received regulatory approval
to launch a spot XRP exchange-traded fund (ETF) in Canada, with trading
scheduled to begin on June 18 on the Toronto Stock Exchange (TSX). The fund, listed under the ticker XRPP, will provide
direct exposure to XRP through a regulated investment vehicle.
The Ontario Securities Commission (OSC) granted the
final prospectus receipt for the fund, Purpose announced Monday. The ETF will
offer units in CAD-hedged, CAD non-hedged, and USD formats, and will be
eligible for registered investment accounts such as TFSAs and RRSPs.
XRP Price Rises Following Approval
The launch follows Purpose’s earlier introduction of
the world’s first spot bitcoin ETF in Canada in 2021. XRP’s price rose nearly 7% in the 24 hours following
the announcement, outperforming Bitcoin. The move
reflects investor optimism around regulated access to the token, which remains
one of the most traded digital assets by volume globally.
The ETF provides investors with a way to gain exposure
to XRP, the native token of the XRP Ledger, without needing to directly hold
the asset or manage private keys.
“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,” said Vlad Tasevski, Chief Innovation Officer at
Purpose Investments.
Vlad Tasevski, Source: LinkedIn
“We’re proud to continue pushing the boundaries of what’s
possible in the space by offering investors simple, secure access to the
infrastructure powering real-world blockchain adoption.”
Canada remains ahead of other major jurisdictions,
including the United States, in approving spot cryptocurrency ETFs. While U.S.
regulators have yet to approve a spot XRP product, Canada continues to expand
its regulated offerings in the digital asset space.
ETF Offers Access to Cross-Border Payment Token
XRP is designed to support low-cost, fast cross-border
payments through its decentralized ledger system. With the Purpose ETF,
Canadian investors will have simplified access to XRP through traditional
investment channels, further integrating digital assets into mainstream
portfolios.
The fund will begin trading on the TSX this Wednesday,
marking a new milestone in the growth of crypto-linked investment products in
regulated markets.
Purpose Investments has received regulatory approval
to launch a spot XRP exchange-traded fund (ETF) in Canada, with trading
scheduled to begin on June 18 on the Toronto Stock Exchange (TSX). The fund, listed under the ticker XRPP, will provide
direct exposure to XRP through a regulated investment vehicle.
The Ontario Securities Commission (OSC) granted the
final prospectus receipt for the fund, Purpose announced Monday. The ETF will
offer units in CAD-hedged, CAD non-hedged, and USD formats, and will be
eligible for registered investment accounts such as TFSAs and RRSPs.
XRP Price Rises Following Approval
The launch follows Purpose’s earlier introduction of
the world’s first spot bitcoin ETF in Canada in 2021. XRP’s price rose nearly 7% in the 24 hours following
the announcement, outperforming Bitcoin. The move
reflects investor optimism around regulated access to the token, which remains
one of the most traded digital assets by volume globally.
The ETF provides investors with a way to gain exposure
to XRP, the native token of the XRP Ledger, without needing to directly hold
the asset or manage private keys.
“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,” said Vlad Tasevski, Chief Innovation Officer at
Purpose Investments.
Vlad Tasevski, Source: LinkedIn
“We’re proud to continue pushing the boundaries of what’s
possible in the space by offering investors simple, secure access to the
infrastructure powering real-world blockchain adoption.”
Canada remains ahead of other major jurisdictions,
including the United States, in approving spot cryptocurrency ETFs. While U.S.
regulators have yet to approve a spot XRP product, Canada continues to expand
its regulated offerings in the digital asset space.
ETF Offers Access to Cross-Border Payment Token
XRP is designed to support low-cost, fast cross-border
payments through its decentralized ledger system. With the Purpose ETF,
Canadian investors will have simplified access to XRP through traditional
investment channels, further integrating digital assets into mainstream
portfolios.
The fund will begin trading on the TSX this Wednesday,
marking a new milestone in the growth of crypto-linked investment products in
regulated markets.
Jared Kirui is an Editor at Finance Magnates with more than five years of experience in financial journalism. He covers online trading, fintech, payments, and crypto industries with a focus on companies, regulation and compliance, executive moves, trading technology, and market analysis.
His work has been featured in other media outlets, including Benzinga, ZyCrypto, The Distributed, and The Daily Hodl.
Education:
Bachelor of Commerce degree (Finance option), University of Nairobi
WhiteBIT secures brokerage license in Georgia to launch regulated crypto derivatives
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
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#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
