Canada Welcomes First XRP ETF: A Milestone for Crypto Investments on Toronto Stock Exchange

In a groundbreaking development for the cryptocurrency market, Canada has approved the listing of the first XRP ETF on the Toronto Stock Exchange (TSX). Launched by Purpose Investments, a pioneer in crypto investment products, this ETF will begin trading on June 18, 2025, under the ticker symbol XRPP. This marks a significant step forward in providing regulated access to XRP, one of the leading digital assets in the global market.

The Purpose XRP ETF offers both institutional and retail investors direct exposure to XRP, eliminating the complexities of buying and storing the cryptocurrency directly. This regulated investment vehicle is designed to track the real-time price movements of XRP, ensuring a secure and accessible way to invest in the digital asset. The approval reflects Canada’s progressive stance on cryptocurrency investments, following its history of pioneering crypto ETFs.

With tickers including XRPP, XRPP.B, and XRPP.U, the ETF caters to a variety of investor preferences, offering flexibility in currency and tax advantages. The launch comes at a time when XRP has seen a price surge of 7%, fueled by positive market sentiment surrounding this regulatory milestone. Analysts predict that this could pave the way for further altcoin ETFs in North America.

Purpose Investments, already known for launching the world’s first spot Bitcoin ETF, continues to lead innovation in the crypto space. The firm’s latest move is expected to attract significant interest from investors seeking diversified exposure to digital assets beyond Bitcoin and Ethereum. This ETF also signals growing regulatory acceptance of cryptocurrencies in Canada, potentially influencing other jurisdictions globally.

The introduction of the XRP ETF is not just a win for Purpose Investments but also for the broader crypto community, as it bridges the gap between traditional finance and blockchain technology. Investors now have a safer and more regulated option to gain exposure to XRP, which operates on the Ripple Network, known for its fast and cost-effective cross-border transactions.

As the race for altcoin ETFs intensifies, Canada’s latest achievement could set a precedent for other countries to follow. Market watchers are keenly observing how this ETF performs on the TSX and whether it will spur further innovation in the crypto investment landscape. For now, the spotlight is on XRP and its growing role in the financial ecosystem.