๐จ Big News: Purpose Investments Gets Green Light for Spot XRP ETF ๐
In a major milestone for crypto adoption in Canada ๐จ๐ฆ, Purpose Investments has officially received regulatory approval to launch a spot XRP ETF! ๐ The ETF will begin trading on the Toronto Stock Exchange (TSX) on Wednesday, June 18, 2025, under the ticker XRPP ๐.
๐ Whatโs This ETF All About?
Unlike futures-based ETFs, this one offers direct exposure to XRP, the cryptocurrency powering RippleNet. That means investors can now access XRP without managing crypto wallets or private keys ๐โall through a regulated financial product ๐๏ธ.
Three ticker options will be available:
๐ต XRPP โ CADโhedged
๐ธ XRPP.B โ CAD nonโhedged
๐ฒ XRPP.U โ USD version
Plus, all are eligible for Canadian registered accounts like RRSPs and TFSAsโmaking it even more attractive for long-term investors ๐ผ๐.
๐ Why This Is a Big Deal
First of its kind ๐ฅ: This is one of the worldโs first spot XRP ETFs, and it shows how Canada continues to lead in crypto ETF innovation.
XRP Surge ๐: Following the announcement, XRP jumped over 7%, outperforming Bitcoin and other top coins ๐ฅ.
Mainstream Acceptance โ : With institutional-grade custody and compliance, this ETF paves the way for broader XRP adoption.
๐ง Final Thoughts
This move signals a strong step toward the mainstreaming of digital assetsโgiving both new and seasoned investors a secure way to gain XRP exposure ๐๐. As crypto ETFs continue to grow, we could be seeing a new era of accessible and regulated crypto investing ๐ฅ#XRP #PurposeETF #CryptoNewss #CanadaCrypto #XRPETF $XRP
