Canada’s Purpose Investments to launch first spot XRP ETF

The Ontario Securities Commission (OSC) has approved the launch of Canada's first XRP spot exchange-traded fund (ETF) by Purpose Investments. The fund will start trading on the Toronto Stock Exchange on June 18, 2025. 

The fund will allow investing into XRP through traditional financial platforms, without interacting with unregulated crypto exchanges or storing the cryptocurrency itself. This will make investment more secure and accessible for both institutional and retail investors. 

Purpose Investments’ Chief Innovation Officer, Vlad Tasevski, believes the fund’s launch underscores Canada’s leadership in developing a regulated ecosystem for digital assets. The company has earlier launched Bitcoin and Ethereum ETFs, which reaffirms its experience in digital investments.

Canada’s XRP ETF joins its peers introduced by Brazil and Switzerland earlier.