Purpose Investments’ Spot XRP ETF Receives Final Regulatory Approval, Launching June 18 on TSX

Purpose Investments has received final regulatory approval from the Ontario Securities Commission (OSC) to launch its Purpose XRP ETF. The ETF will begin trading on the Toronto Stock Exchange (TSX) on June 18, 2025, under the ticker symbol XRPP. This marks a significant milestone for Canada’s cryptocurrency investment landscape and offers retail and institutional investors direct access to spot XRP, the digital asset powering the XRP Ledger.

ETF Structure and Investment Options

The Purpose XRP ETF will allow investors to gain exposure to XRP, which is designed for fast and cost-effective cross-border payments. The ETF will offer three different unit options:

• XRPP: CAD-hedged
• XRPP.B: CAD non-hedged
• XRPP.U: USD

This structure provides flexibility for investors depending on their currency preference. Additionally, the ETF will be eligible for tax-efficient registered accounts such as Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs), making it easier for Canadians to include digital assets in their portfolios.

Purpose Investments’ Commitment to Digital Assets

Purpose Investments is a leader in the Canadian digital asset investment space, having previously launched the first Bitcoin and Ethereum ETFs on the TSX in 2021. The company’s entry into the XRP space further solidifies its position as an innovator in regulated crypto investments. According to Vlad Tasevski, Chief Innovation Officer at Purpose Investments, the approval from the OSC reflects Canada’s leadership in developing a secure, regulated ecosystem for digital assets.

The launch of the Purpose XRP ETF will provide investors with a reliable, transparent, and secure way to invest in XRP without needing to directly purchase or manage the cryptocurrency themselves.

Looking ahead, Purpose Investments’ success with the Purpose XRP ETF could signal a broader shift in the digital asset investment space. As more countries, including Canada, move towards embracing digital currencies, regulated ETFs like Purpose’s will likely play a crucial role in bridging the gap between traditional finance and the digital economy.

With the potential for further regulatory advancements and market acceptance, Purpose Investments could continue to lead the way in providing secure and transparent investment opportunities in the digital asset sector, helping shape the future of crypto-based financial products.