Canada Approves First Spot XRP ETF, Launching June 18 on TSX
The post Canada Approves First Spot XRP ETF, Launching June 18 on TSX appeared on BitcoinEthereumNews.com. Altcoins 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. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. …
The post Canada Approves First Spot XRP ETF, Launching June 18 on TSX appeared on BitcoinEthereumNews.com.
Altcoins 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. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. …
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