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Spot XRP ETF Set to Start Trading in Canada This Week After Regulatory Nod, Token Up 7%
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By Krisztian Sandor|Edited by Benjamin Schiller
Updated Jun 16, 2025, 5:44 p.m. Published Jun 16, 2025, 5:41 p.m.
- Purpose Investments will launch a spot XRP exchange-traded fund (ETF) in Canada after receiving regulatory approval.
- The ETF will trade on the Toronto Stock Exchange under the ticker XRPP starting Wednesday, June 18.
- XRP’s price rose nearly 7% over the past 24 hours, outperforming bitcoin and the CoinDesk 20 Index.
- Purpose launched the world’s first spot bitcoin ETF, in Canada, in 2021.
Asset manager Purpose Investments is set to launch a spot XRP
exchange-traded fund (ETF) in Canada this week after obtaining regulatory approval, giving investors a way to gain exposure to the fourth-largest cryptocurrency by market capitalization through traditional investment accounts.
The ETF will start trading on the Toronto Stock Exchange on Wednesday, June 18, under the XRPP ticker, according to a Monday press release. The move comes after the Ontario Securities Commission (OSC) granted final prospectus receipt for the investment vehicle, the company said.
XRP was up nearly 7% over the past 24 hours following the news, outperforming bitcoin
and the broad-market CoinDesk 20 Index.
STORY CONTINUES BELOW
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“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,” Vlad Tasevski, chief innovation officer at Purpose Investments, said in a press release.
Purpose Investments in 2021 launched in Canada the world’s first spot bitcoin ETF, years before the vehicles’ approval in the U.S.
Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University’s business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.
