- Canada’s OSC has approved Purpose Investments’ spot XRP ETF, set to launch June 18 under ticker XRPP.
- XRP surged 7% after the news, outperforming Bitcoin and the broader crypto market.
- Purpose praised Canada’s leadership in building a regulated digital asset ecosystem.
Asset manager Purpose Investments is rolling out a spot XRP ETF on the Toronto Stock Exchange (TSX) this Wednesday, June 18, under the ticker XRPP, after securing approval from Canadian regulators. The move marks a major step for XRP, offering Canadian investors regulated access to the fourth-largest crypto by market cap through traditional financial accounts.
XRP Surges on ETF Approval News
Following the announcement, XRP jumped nearly 7%, outpacing both Bitcoin and the CoinDesk 20 Index. The rally highlights strong investor excitement over expanded institutional exposure to XRP, which has long been entangled in regulatory drama in the U.S. but is now finding smoother pathways abroad.
Purpose Investments Applauds Canada’s Crypto Leadership
Purpose’s chief innovation officer Vlad Tasevski called the Ontario Securities Commission’s (OSC) approval a milestone for Canada, positioning the country at the forefront of regulated digital asset finance.
The ETF will give retail and institutional investors alike a straightforward way to buy into XRP without needing to directly hold the asset.
