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XRP ETF gets green light in Canada: A milestone for the USA!
On June 18, 2025, the first spot XRP ETF will launch in Canada, a significant step for the US market and investors.
XRP ETF gets green light in Canada: A milestone for the USA!
On June 18, 2025, the first spot XRP ETF in North America will begin trading on the Toronto Stock Exchange (TSX). Purpose Investments Inc. has received final prospectus approval for this fund, which will be listed under the ticker symbol XRPP. This approval represents a significant advancement as the fund offers investors direct access to spot XRP, the native token of the XRP Ledger, enabling fast and low-cost cross-border payments. Loud deraktionaer.de This is the first spot XRP fund approved in Canada.
Approval of the “Final Project” was announced today and related products will also be available in different units: CAD hedged (ticker XRPP), CAD unhedged (ticker XRPP.B) and in US dollars (ticker XRPP.U). This offers investors numerous options and allows storage in registered accounts such as TFSAs and RRSPs, making the fund particularly attractive, such as purposeinvest.com supplemented.
Importance for the US market
The approval of the spot XRP ETF in Canada could serve as a test balloon for the US market. US firms such as Bitwise, CoinShares and Grayscale have already submitted applications for spot XRP funds to the SEC. Success in Canada could help these companies win similar approvals. So far, the SEC has already approved three XRP futures ETPs, but the launch of a physically backed spot ETF is seen as more significant. This move could serve as a precedent for future approvals in the US, according to estimates deraktionaer.de.
Purpose Investments specializes in offering innovation-oriented solutions in ETFs and mutual funds. The company currently manages over $24 billion in assets and with this new ETF aims to provide investors with essential exposure to one of the most exciting cryptocurrencies on the market.
Overall, the launch of the Purpose XRP ETF could not only broaden the perception of XRP, but also have a positive impact on the entire crypto ETF landscape, especially in North America.