Big Breaking: Canada Approves First XRP Spot ETF, Set to Debut June 18

A big moment for the crypto world has arrived! Purpose Investments Inc. has officially secured the final go-ahead for its Purpose XRP ETF, clearing the way for the fund to launch this week on the Toronto Stock Exchange (TSX). The ETF will start trading on Wednesday, June 18, 2025, under the ticker symbol XRPP.

This makes it the first spot XRP ETF in Canada, giving investors a simple, regulated way to gain direct exposure to XRP.

Vlad Tasevski, Chief Innovation Officer at Purpose Investments, called the approval a breakthrough for the country’s crypto market. “This signals Canada’s growing leadership in creating a secure, regulated environment for digital assets. We’re proud to lead the way by offering investors safe, reliable access to blockchain-powered technologies,” he said.

The new fund will be available in multiple formats to suit different investor needs:

• XRPP: CAD-hedged units
  
• XRPP.B: CAD non-hedged units
  
• XRPP.U: US dollar units
  

Investors will also be able to hold the Purpose XRP ETF in tax-friendly accounts like TFSAs and RRSPs, making it even easier for Canadians to diversify into crypto through trusted, regulated options.

The timing couldn’t be more interesting — this development arrives as the Ripple vs. SEC case in the U.S. heads toward a critical deadline. With legal clarity potentially on the horizon, XRP’s growing global acceptance is reflected in moves like this.

The XRP market is already showing bullish signs. The price is up by more than 7% and has climbed above the important $2.30 level at the time of writing.