A New Era for XRP: Canada Launches the World’s First Spot XRP ETF
In a groundbreaking move for the cryptocurrency market, Canadian regulators have given the green light to Purpose Investments for the launch of the Purpose XRP ETF. This marks a significant milestone as Canada becomes the first country to offer a spot XRP ETF, setting the stage for increased accessibility and mainstream adoption of digital assets.
Regulatory Approval and Launch Details
The Purpose XRP ETF, backed by the asset manager known for launching the world’s first spot bitcoin ETF, is set to begin trading on the Toronto Stock Exchange on June 18. The ETF will be available under three different tickers: XRPP (CAD-hedged), XRPP.B (CAD), and XRPP.U (USD), providing investors with various options to gain exposure to XRP.
Market Impact and Investor Opportunities
The launch of the Purpose XRP ETF is expected to accelerate the mainstream adoption of digital assets, positioning Canada as a leader in crypto investment innovation. This development comes at a time when XRP’s price has seen a notable increase, up 7% following the regulatory nod. The ETF offers direct exposure to XRP, allowing investors to participate in the cryptocurrency’s potential growth without the complexities of direct trading.
Comparison with Global Developments
Interestingly, Canada’s move to launch an XRP ETF precedes similar efforts in the United States, highlighting the country’s proactive stance in the crypto investment space. While the U.S. Securities and Exchange Commission (SEC) continues to deliberate on the approval of XRP ETFs, Canada has already paved the way for investors seeking exposure to this fourth-largest cryptocurrency by market capitalization.
Fundamentals of XRP ETF
As of June 14, 2025, the close price of XRP stands at 1.02e-12, with a 52-week high of 1.75e-12 on May 23, 2025, and a 52-week low of 5.5e-13 on May 4, 2025. These figures underscore the volatility and potential of XRP as an investment asset, further emphasizing the significance of the ETF’s launch.
Conclusion
The introduction of the Purpose XRP ETF is a landmark event in the cryptocurrency world, offering a new avenue for investors to engage with XRP. As Canada leads the charge in crypto investment innovation, the global market watches closely, anticipating the ripple effects this development may have on the broader adoption of digital assets.