The crypto world is witnessing a historic milestone: Canada has officially greenlit its first XRP spot exchange-traded fund (ETF), marking a significant leap forward in the mainstream adoption of digital assets. Purpose Investments Inc. has received final approval for its Purpose XRP ETF, paving the way for the fund to begin trading on the Toronto Stock Exchange (TSX) on June 18, 2025. Trading under the ticker symbol XRPP, this ETF offers investors a regulated, accessible pathway to gain exposure to XRP—without the complexities of direct cryptocurrency ownership.
This development solidifies Canada’s position as a leader in crypto innovation and regulatory clarity. As one of the first countries to embrace Bitcoin and Ethereum ETFs, Canada continues to set the pace with forward-thinking financial products that bridge traditional markets and blockchain technology.
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A New Era for XRP Investment
The launch of the Purpose XRP ETF represents more than just a financial product—it’s a signal of growing institutional confidence in XRP and digital assets at large. Unlike unregulated crypto exchanges or self-custody wallets, an ETF provides a secure, transparent, and tax-efficient investment vehicle overseen by financial regulators.
Vlad Tasevski, Chief Innovation Officer at Purpose Investments, emphasized the importance of this milestone:
“This approval underscores Canada’s leadership in building a safe and regulated environment for digital assets. We’re proud to be at the forefront, offering investors a trusted gateway to blockchain innovation.”
With this ETF, investors can now access XRP through familiar brokerage accounts, including Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP)—making it easier than ever for everyday Canadians to include XRP in their long-term portfolios.
Flexible Investment Options
To accommodate diverse investor preferences, the Purpose XRP ETF will be available in three distinct share classes:
- XRPP: CAD-hedged units
- XRPP.B: CAD non-hedged units
- XRPP.U: USD-denominated units
This flexibility allows investors to manage currency risk according to their financial goals and market outlook. Whether you're a conservative saver or an active trader, there’s a version tailored to your strategy.
Why This Launch Matters
The timing of this ETF approval is particularly significant. It arrives amid rising global interest in XRP, fueled in part by ongoing legal developments in the Ripple vs. SEC case in the United States. While U.S. regulators have been cautious, Canada’s proactive stance highlights a growing divergence in how nations approach crypto regulation.
As regulatory clarity improves, institutional interest in XRP is accelerating. The approval of a spot ETF indicates that regulators view XRP not as a security, but as a legitimate digital commodity—aligning with recent court rulings that have favored Ripple Labs.
Market sentiment reflects this optimism. At the time of writing, XRP price has surged over 7%, breaking past the critical $2.30 resistance level—a bullish signal watched closely by technical analysts.
Core Keywords Driving Market Interest
Understanding the key terms shaping this narrative helps both investors and readers grasp the broader implications:
- XRP spot ETF
- Purpose XRP ETF
- XRPP
- Toronto Stock Exchange
- XRP price prediction
- crypto ETF Canada
- regulated cryptocurrency investment
- digital asset regulation
These keywords reflect strong search intent around investment safety, regulatory status, and market performance—exactly what savvy investors are researching before allocating capital.
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Frequently Asked Questions (FAQ)
What is a spot ETF, and how does it differ from a futures-based ETF?
A spot ETF holds the actual underlying asset—in this case, XRP tokens—rather than derivatives like futures contracts. This provides investors with direct exposure to real-time price movements and reduces risks associated with contract rollovers and contango effects common in futures markets.
Can I hold the Purpose XRP ETF in my TFSA or RRSP?
Yes. One of the biggest advantages of this ETF is its eligibility for registered accounts like TFSAs and RRSPs. This means Canadians can grow their XRP investments tax-free or tax-deferred, enhancing long-term returns.
Is XRP considered a security under Canadian law?
While the U.S. Securities and Exchange Commission (SEC) has argued that XRP is a security, Canadian regulators have not classified it as such. The approval of a spot ETF strongly suggests that Canadian authorities treat XRP as a commodity or currency, not a security—providing crucial regulatory clarity.
How does this affect the global adoption of XRP?
Canada’s move adds momentum to XRP’s legitimacy on the world stage. It may encourage other countries to consider similar products and could influence U.S. regulators as they evaluate potential spot XRP ETF applications.
Does this ETF involve physical custody of XRP?
Yes. Purpose Investments will hold actual XRP in secure custody, ensuring full backing of the ETF shares. This transparency builds trust and aligns with best practices seen in Bitcoin and Ethereum ETFs already trading in Canada.
What impact could this have on XRP’s price?
Historical trends show that ETF approvals often lead to increased demand and price appreciation. For example, after the launch of Canada’s first Bitcoin ETF in 2021, BTC saw sustained inflows and higher trading volumes. A similar pattern could unfold for XRP, especially if U.S. approval follows.
Broader Implications for the Crypto Market
The success of the Purpose XRP ETF could open doors for other altcoin-based ETFs in the future. If XRPP performs well and maintains strong investor demand, asset managers may pursue similar products for assets like Solana (SOL), Cardano (ADA), or Polkadot (DOT)—provided they meet regulatory standards.
Moreover, this development reinforces the idea that regulation and innovation can coexist. Rather than stifling progress, clear rules enable safer participation and attract pension funds, advisors, and risk-averse investors who were previously on the sidelines.
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Final Thoughts
Canada’s approval of the first XRP spot ETF is more than just a national achievement—it’s a global signal that digital assets are maturing rapidly within traditional finance. With safe access via regulated markets, tax-advantaged accounts, and strong institutional backing, XRP is poised for broader adoption than ever before.
For investors, this means new opportunities to diversify portfolios with exposure to one of the most widely used blockchain networks for cross-border payments. For the crypto industry, it’s proof that persistence, transparency, and collaboration with regulators can yield real results.
As June 18 approaches and XRPP begins trading on the TSX, all eyes will be on Canada—and on XRP—to see what comes next in the evolution of digital finance.