Purpose Investments received regulatory approval to launch the Purpose XRP ETF
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Canadian asset manager Purpose Investments has received final regulatory approval to launch the Purpose XRP ETF. The fund will begin trading on the Toronto Stock Exchange on June 18 under tickers XRPP (CAD-hedged), XRPP.B (CAD), and XRPP.U (USD). The firm said the ETF offers direct exposure to spot XRP and will be eligible for registered accounts such as TFSAs and RRSPs. Purpose said it hopes the approval will help the company continue to broaden access to digital assets through regulated and transparent investment vehicles. Purpose XRP ETF launches on the Toronto Stock Exchange 🚨 JUST IN: Purpose Investments may have received its final prospectus receipt, potentially clearing the way to launch its $XRP ETF. pic.twitter.com/P3uZx81w7V — John Squire (@TheCryptoSquire) June 16, 2025 Purpose Investments has advanced its digital asset investing in Canada after it received approval for the Purpose XRP ETF. According to the asset management company, the ETF will offer investors direct exposure to spot XRP, the native token of the XRP Ledger – a decentralized, open blockchain that facilitates fast and cost-effective cross-border payments. CEO of Purpose Investments, Som Seif, said in January that he believes the ETF can offer investors a transparent and familiar way to access it within a regulated framework. He also revealed that the XRP ETF will hold long-term Ripple assets and give investors an easy, regulated way to profit from the digital asset’s growth. “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. We’re proud to continue pushing the boundaries of what’s possible in the space by offering investors simple, secure access to the infrastructure powering real-world blockchain adoption.” –Vlad Tasevski, Chief Innovation Officer at Purpose Investments. Regarding ETF filings, XRP has surpassed many altcoins, including Solana, Dogecoin, and…
Filed under: News - @ June 16, 2025 8:29 pm