Spot XRP ETF approved, will this crypto fly now? – Passionategeekz

On June 18, 2025, Canada will write divorce with the launch of the Purpose XRP ETF! This will be the first Exchange-Traded Fund (ETF) of the country based on XRP, the crypto asset that is connected to the Ripple network. This important approval by the Ontario Securities Commission (OSC) not only gives Canadian investors regulated access to XRP, but also strengthens the position of Canada as a leader in the global digital financial landscape.

Easy and safe access to XRP

The Purpose XRP ETF will start trading on the Toronto Stock Exchange (TSX) and gives investors the opportunity to benefit from XRP’s price movements in a simple way. For this, investors do not have to manage private keys or wallets.

Three sizes for different needs

The new Purpose XRP ETF will be available in three different sizes. The first version, XRPP, is CAD covered and is designed for Canadian investors who want exposure to XRP and at the same time want to minimize the impact of currency fluctuations.

The second version, XRPP.B, is a non-coated CAD option for those who want to keep their investment in Canadian dollars.

Finally, there is the XRPP.U version, which is USD dowable and is ideal for international investors or Canadians who want to act in US dollars. Each of these sizes offers direct exposure to XRP, so that investors can benefit from the price movements without the complexity of managing digital portfolios or private keys. And for Canadians, the extra advantage that these ETFs are eligible for registered accounts such as TFSAS and RRSPs, which offers potential tax benefits.

Will Canada become the leader when it comes to digital assets?

The approval of the Purpose XRP ETF is proof of Canada’s commitment to offer a robust and regulated environment for digital assets. Such as Vlad Tasevski, Chief Innovation Officer at Purpose Investments, noted:

“This approval by the OSC also shows Canada’s global leadership in building a regulated ecosystem for digital assets.“

Canada has long been recognized as one of the most progressive countries when it comes to crypto-supported financial products, and the launch of this ETF is a next step in strengthening that reputation. Purpose Investments, which has previously launched successful bitcoin and Ethereum ETFs, continues to take the lead in bridging traditional finances and blockchain technology.

The future of crypto assets?

With the growing interest in blockchain technologies and digital assets, the Purpose XRP ETF is a progressive product that offers regulated access for investors who want to diversify their portfolio. By launching this product, Purpose Investments not only offers Canadian investors more access to XRP, but also lays the foundations for further developments in the evolving crypto market.

To the app ➜

In the coming years, more and more individuals and institutions will probably find their way to regulated crypto products such as this ETF, which will further promote the adoption of blockchain technology. For everyone who wants to participate in the cryptocurrency revolution and at the same time wants to guarantee the safety and management of his or her investments, the Purpose XRP ETF is a promising new way to explore.

The current Ripple course is € 1,9339. In the last 24 hours the rate has risen by € 0.0351, which amounts to a percentage increase of 1.82%.