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    You are at:Startseite » Canada Approves First Spot XRP ETF—Purpose XRP ETF to Debut on TSX June 18
    News

    Canada Approves First Spot XRP ETF—Purpose XRP ETF to Debut on TSX June 18

    John KumiBy John Kumi17. June 20250
    John Kiguru By John Kiguru 17. June 2025
    3 Mins Read
    XRP ETF Approval Odds Climb to 83% Amid SEC Stalling and Futures Launch
    • Purpose Investments’ spot XRP Exchange Traded Fund (ETF) application has officially been approved by the Ontario Securities Commission (OSC). 
    • It is expected to start trading on the Toronto Stock Exchange on June 18 under the ticker XRPP. 

    Canada has made a groundbreaking decision to approve the trading of the first-ever spot XRP Exchange Traded Fund (ETF). According to the post shared by Wu Blockchain, the approval of the Purpose XRP ETF filed by Purpose Investments Inc. represents a significant shift towards advanced regulatory clarity for digital assets in Canada.

    The Details of the Purpose of the XRP ETF Approval

    Per the details, the XRP ETF would begin trading on June 18 under the ticker XRPP on the Toronto Stock Exchange. Just as any other ETF, XRPP would provide direct exposure to XRP’s price movement without ownership of the crypto itself. Additionally, users would be able to trade shares of the ETF at a prevailing market price without any major impact on the market.

    XRP

    Commenting on this, Chief Innovation Officer at Purpose Investments, Vlad Tasevski, lauded the decision of the Ontario Securities Commission (OSC) to grant the final prospectus receipt, claiming this reinforces the country’s leadership in “building a regulated digital asset ecosystem.”

    We’re proud to continue pushing the boundaries of what’s possible in the space by offering investors simple, secure access to the infrastructure powering real-world blockchain adoption.

    Meanwhile, Purpose has disclosed that it would continue to broaden access to digital assets through regulated and transparent means.

    Canada’s growing interest in advancing the investment options of altcoins is evident in its recent approval of a spot Solana ETF. As noted in our earlier post, applications of four issuers – Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ were approved by the OSC to track the price of SOL. Meanwhile, similar products are awaiting the decisions of the US Securities and Exchange Commission (SEC).

    Chance of XRP ETF Approval in the US

    As highlighted in our last analysis, Balchunas believes that there is an 85% chance of an XRP ETF approval this year. This implies that the applications from Bitwise, CoinShares, and Grayscale could receive major breakthroughs with Grayscale’s ETF expected to see approval or rejection by October 18. Most importantly, a decision is expected to be made today on Franklin Templeton’s spot XRP ETF application.

    As indicated in our earlier discussion, the prospect still faces regulatory hurdles as XRP still finds itself in major legal controversies. As also featured in our recent coverage, the Oregon Attorney General Dan Rayfield has labeled XRP as an unregistered security in a recent lawsuit against crypto exchange Coinbase.

    In the midst of these, XRP is still struggling to break out as it moves within a tight range on its weekly chart. In the last 24 hours, XRP has surged by 1.2% to trade at $2.2. However, it has “printed” losses across the rest of the major trading sessions as it falls by 2.4% in the last 24 hours, 7.4% in the last 30 days, 3.4% in the last 90 days, and 4% from year to date. According to our recent analysis, the asset can stage a rebound to $2.6 and double this level to $5 in the near term.


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    XRP XRP ETF XRP ETF in Canada XRP Price Prediction XRPP
    This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.
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    John Kumi
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    John is a seasoned cryptocurrency and blockchain writer and researcher, boasting an extensive track record of years immersed in the ever-evolving digital frontier. With a profound interest in the dynamic landscape of emerging startups, tokens, and the intricate interplay of demand and supply within the crypto realm, John brings a wealth of knowledge to the table. His academic background is marked by a Bachelor's degree in Geography and Economics, a unique blend that has equipped him with a multifaceted perspective. This diverse educational foundation allows John to dissect the geographical and economic factors influencing the cryptocurrency market, offering insights that go beyond the surface. John's dedication to the crypto and blockchain space is not merely professional but also personal, as he possesses a genuine passion for the technologies that underpin this revolutionary industry. With his astute research skills and commitment to staying at the forefront of industry trends, John is a trusted voice in the world of cryptocurrencies, helping readers navigate the complex and rapidly changing terrain of digital assets and blockchain innovation. John Kiguru is an accomplished editor with a strong affinity for all things blockchain and crypto. Leveraging his editorial expertise, he brings clarity and coherence to complex topics within the decentralized technology sphere. With a meticulous approach, John refines and enhances content, ensuring that each piece resonates with the audience. John earned his Bachelor's degree in Business, Management, Marketing, and Related Support Services from the University of Nairobi. His academic background enriches his ability to grasp and communicate intricate concepts within the blockchain and cryptocurrency space. Business Email: [email protected] Phone: +49 160 92211628

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