TLDR
- Canada’s First Spot XRP ETF Launches June 18
- Purpose Expands Crypto ETF Lineup with XRP
- XRPP Offers Transparent XRP Exposure
- Purpose Strengthens Crypto Leadership in Canada
- XRP ETF Taps Growing Institutional Demand
Purpose Investments will launch Canada’s first spot XRP ETF on June 18, 2025, on the Toronto Stock Exchange. The fund, named the Purpose XRP ETF, will trade under the ticker XRPP and provide direct exposure to spot XRP. The launch adds to Purpose’s lineup of digital asset ETFs and enhance investor access to regulated crypto products.
Spot XRP Exposure to Strengthen Crypto Investment Access
The purpose of the XRP ETF is to directly hold XRP, offering a transparent and secure way for investors to participate in the digital asset. XRP operates on the XRP Ledger, which supports fast and low-cost international payments, making it an attractive asset for blockchain-focused portfolios. Purpose simplify digital asset access for retail and institutional investors.
💥 JUST IN: Purpose Investments has received its final prospectus receipt, clearing the way to launch its $XRP ETF.
Bullish 🚀 pic.twitter.com/6buodIG3uY
— Amonyx (@amonbuy) June 16, 2025
The ETF will be available in three unit types: CAD-hedged (XRPP), CAD non-hedged (XRPP.B), and USD (XRPP.U), providing flexibility in investment options. All unit types are eligible for inclusion in registered accounts such as TFSAs and RRSPs, helping Canadian investors achieve tax efficiency. This format offers a straightforward entry into digital assets through a familiar and regulated investment structure.
Purpose designed the fund for capital appreciation, tracking the market value of XRP without the need for direct crypto ownership. By removing custody and management barriers, the fund makes crypto accessible to broader financial markets. The Purpose XRP ETF is positioned to support growing interest in compliant, crypto-linked instruments.
Expansion of Purpose’s Digital Asset Product Line
Purpose Investments has consistently led innovation in the Canadian ETF space, beginning with its launch of the first Bitcoin and Ethereum ETFs. Purpose continues to expand its footprint in the digital asset ecosystem. Each fund is structured to meet strict regulatory standards, offering investors security and transparency.
The firm has over $24 billion in assets under management and a strong record in ETF development. Its previous crypto products have attracted institutional and retail interest due to their simplicity and compliance. The XRP ETF further strengthens Purpose’s reputation as a digital asset pioneer in Canada’s financial industry.
Purpose aims to broaden access to blockchain-based assets through regulated and familiar formats. The firm’s ability to secure final regulatory approval from the Ontario Securities Commission (OSC) signals strong confidence in its approach. Purpose now positions itself as a key facilitator of institutional adoption of cryptocurrencies.
Purpose ETF Launch Aligns With Growing Institutional Demand
The Purpose XRP ETF aligns with increased institutional demand for alternative digital assets. Investors are seeking diversified exposure beyond Bitcoin and Ethereum, and XRP offers a unique use case in cross-border finance. With rising market interest, the ETF fills a gap in regulated access to mid-cap digital assets.
Canada continues to lead in regulated crypto investment offerings, and this launch strengthens that position on the global stage. The ETF’s listing on the Toronto Stock Exchange provides visibility and legitimacy, drawing interest from both domestic and international investors. This aligns with Purpose’s broader strategy to support safe adoption of digital assets.
Future adoption of similar ETFs could accelerate as regulators and asset managers respond to shifting investor demand. Purpose Investments remains committed to delivering investment solutions that integrate seamlessly with traditional portfolios. The launch of the Purpose XRP ETF reflects this mission and sets the foundation for further innovation in digital finance.
