Canada Approves First Spot XRP ETF, Launching June 18 on TSX
Purpose Investments has received the green light from the Ontario Securities Commission (OSC) to launch the Purpose XRP ETF, Canada’s first spot XRP exchange-traded fund.
The ETF will begin trading on the Toronto Stock Exchange (TSX) on Wednesday, June 18, 2025, marking a significant step forward in regulated access to Ripple’s digital asset.
ETF to Trade Under Three Distinct Tickers
The Purpose XRP ETF will be available in multiple formats to suit different investor needs:
- XRPP – CAD-hedged
- XRPP.B – Unhedged CAD
- XRPP.U – USD-denominated
All three versions will provide direct exposure to XRP, enabling investors to participate in the asset’s price movements without managing private keys or wallets. The ETF is also eligible for Canadian registered accounts, including TFSAs and RRSPs, offering potential tax advantages.
Purpose Highlights Canada’s Digital Asset Leadership
The new product is built on the XRP Ledger, known for its low-cost and fast cross-border settlement capabilities. Purpose Investments sees the approval as a broader endorsement of Canada’s role in supporting institutional-grade crypto infrastructure.
“This OSC approval further demonstrates Canada’s global leadership in building a regulated ecosystem for digital assets,” said Vlad Tasevski, Chief Innovation Officer at Purpose. “We’re proud to offer secure, accessible products that help bridge traditional finance and blockchain adoption.”
The Purpose XRP ETF follows the firm’s previous launches of Bitcoin and Ethereum ETFs, reinforcing Canada’s position as one of the most progressive jurisdictions for crypto-backed financial products.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
