Canada Launches World's First ETF Spot XRP

 Canada officially launched the first spot XRP ETF (Exchange-Traded Fund), making it a pioneer in providing regulated access to XRP investments on June 18, 2025.

The product is named Purpose XRP ETF with the ticker symbol XRPP, and began trading on the Toronto Stock Exchange (TSX).

According to Coinmarketcap, on Friday (June 20, 2025), this launch marks an important milestone in the world of crypto investment, as it allows investors in Canada to gain direct exposure to XRP digital assets without the need for a crypto wallet or access to a crypto exchange. Investors can simply use a traditional brokerage account, just as they would when purchasing regular stocks.

The Purpose XRP ETF is available in three different variants tailored to Canadian investors' currency preferences and risk profiles:

XRPP: A hedged version denominated in Canadian Dollars (CAD) XRPP.B: A non-hedged version in CAD XRPP.U: A version denominated in US Dollars (USD)

Each ETF variant charges a management fee of 0.69%, while the total fees charged to investors are capped at 0.89%, with any excess fees refunded to fund holders.

Interestingly, this ETF can be included in popular investment accounts in Canada such as Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP).

This means that investors can benefit from exposure to XRP while still enjoying tax incentives, making crypto easier to integrate into conventional financial planning.

To begin investing, investors need to open a brokerage account with a Canadian financial institution or an online platform connected to the TSX.

Once the account is active and funded, the ETF can be searched for using the ticker symbols XRPP, XRPP.B, or XRPP.U, depending on the preferred currency exposure.

The Purpose XRP ETF can be traded in the same way as other stocks or ETFs. Investors can place market or limit orders through their brokers. The structure of this ETF facilitates the integration of funds and access to XRP through commonly used equity trading systems.

This move by Canada follows the launch of a spot XRP ETF in Brazil earlier this year. This shows how digital assets are increasingly being accepted in regulated financial markets globally. Meanwhile, the U.S. Securities and Exchange Commission (SEC) has yet to approve an XRP ETF, leaving the U.S. market behind in terms of regulatory certainty.

The Ontario Securities Commission (OSC)'s approval of the Purpose XRP ETF demonstrates that Canadian regulations can support the growth of the crypto industry while safeguarding investor protection. This marks a significant step forward in the maturation and formalization of crypto investment.