- Purpose Investments launches spot XRP ETF on TSX, trading starts June 18 under XRPP.
- XRP price rises nearly 7% as Purpose secures regulatory approval for Canada’s first ETF.
- XRPP ETF offers direct XRP access to Canadian investors in CAD-hedged and USD units.
Purpose Investments has received regulatory approval to launch a spot XRP exchange-traded fund (ETF) in Canada, marking a new milestone for digital asset investing in North America. The new ETF will start trading on the Toronto Stock Exchange under the ticker symbol XRPP on June 18. This action comes after the Ontario Securities Commission received the final prospectus, which enabled the asset manager to proceed.
The purpose Investments XRP ETF is to enable investors to have direct exposure to XRP. Notably the fund offers a familiar investment structure to Canadians, allowing them to add spot XRP to portfolios through registered accounts such as Tax-Free Savings…
