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Reading: Spot XRP ETF Set to Start Trading in Canada This Week After Regulatory Nod, Token Up 7%
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Market

Spot XRP ETF Set to Start Trading in Canada This Week After Regulatory Nod, Token Up 7%

Roman Hasley
Last updated: 17.06.2025 2:52 AM
Roman Hasley
Published: 17.06.2025
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Spot XRP ETF Set to Start Trading in Canada This Week After Regulatory Nod, Token Up 7%

Asset manager Purpose Investments is set to launch a spot XRP

exchange-traded fund (ETF) in Canada this week after obtaining regulatory approval, giving investors a way to gain exposure to the fourth-largest cryptocurrency by market capitalization through traditional investment accounts.
The ETF will start trading on the Toronto Stock Exchange on Wednesday, June 18, under the XRPP ticker, according to a Monday press release. The move comes after the Ontario Securities Commission (OSC) granted final prospectus receipt for the investment vehicle, the company said.

XRP was up nearly 7% over the past 24 hours following the news, outperforming bitcoin

BTC$107,048.30

and the broad-market CoinDesk 20 Index.

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“The OSC’s granting of a receipt for the Purpose XRP ETF prospectus reinforces Canada’s global leadership in building a regulated digital asset ecosystem,” Vlad Tasevski, chief innovation officer at Purpose Investments, said in a press release.

Purpose Investments in 2021 launched in Canada the world’s first spot bitcoin ETF, years before the vehicles’ approval in the U.S.

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