Toronto Stock Exchange Introduces Inaugural XRP Exchange-Traded Fund from Canada
Spotlight on Canada: XRP ETF Enters the Canadian Market
It's full speed ahead for cryptocurrency investing in Canada! On June 18, 2025, the Purpose XRP ETF made its debut on the Toronto Stock Exchange (TSX), becoming the first spot XRP exchange-traded fund (ETF) in the region. This groundbreaking move establishes Canada as a frontrunner in the race for regulated digital asset investment, offering investors easy access to XRP without venturing into the world of digital wallets and exchanges.
With three versions catering to various currency preferences and risk tolerance levels—the Canadian dollar (CAD) hedged (XRPP), the CAD non-hedged (XRPP.B), and a U.S. dollar-denominated version (XRPP.U)—the Purpose XRP ETF offers an intriguing investment opportunity. Each variant boasts a manageable management fee of 0.69%, with a total cost to investors capped at 0.89%, ensuring a pocket-friendly investment experience.
Streamlined Investment Process
Investing in the Purpose XRP ETF proves a breeze for Canadians, as it can be held in popular registered accounts such as Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs). This integration of cryptocurrencies into traditional financial planning frameworks simplifies XRP investment significantly, making it a legitimate part of stakeholders' long-term financial strategies.
To get started with the Purpose XRP ETF, open a brokerage account with a Canadian financial institution offering access to TSX trading. Popular options include major banks' online brokerages and independent platforms. Once your account is established and funded, search for the ETF using its ticker symbols—XRPP, XRPP.B, or XRPP.U—and make your investment!
Trades function similarly to other ETFs or stocks, with investors able to place market or limit orders through their selected brokers for hassle-free XRP acquisition.
Worldwide Regulatory Landscape
Canada's bold move to greenlight a spot XRP ETF is a testament to its progressive regulatory framework embracing emerging crypto products while safeguarding investors' interests. Meanwhile, the United States appears to be treading more cautiously, with the Securities and Exchange Commission (SEC) yet to approve any XRP ETFs.
This regulatory divide between Canada and the United States stems from differing legal perspectives on the status of XRP. Whereas Canada views XRP as a currency rather than a security, the SEC's uncertain stance emanates from the ongoing Ripple Labs vs. SEC lawsuit, which has been ongoing since 2020 [1].
While Ripple secured a partial victory asserting XRP's non-security status for retail transactions, this legal precedent hasn't trickled down to ETF approvals. In the meantime, applications from multiple XRP ETF issuers like Franklin Templeton and Bitwise are still pending, with the SEC scrutinizing each proposal for market manipulation prevention and investor protection measures [1][5].
The future of XRP ETFs in the United States remains uncertain, with the SEC anticipated to issue a decision on the pending applications by late summer to early fall 2025 [1][3][4][5]. As regulatory clarity emerges in the United States, crypto enthusiasts will eagerly await updates and watch as the world of digital assets continues to evolve.
- The debut of the Purpose XRP ETF on the Toronto Stock Exchange in 2025 marked a significant milestone for Bitcoin and crypto trading, making XRP investing more accessible through traditional finance methods like Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs).
- With various currency preference and risk tolerance options, the Purpose XRP ETF is a prime example of how technology has transformed conventional finance, offering investors an intriguing opportunity to invest in cryptocurrency without the need for digital wallets or exchanges.
- As Canada paves the way for regulated digital asset investment, the United States is exploring a more cautious approach, with the Securities and Exchange Commission yet to approve any Bitcoin ETFs due to differing legal perspectives on the status of XRP.
- The regulatory landscape for crypto continues to evolve, with investors eagerly awaiting updates on the pending applications for XRP ETFs in the United States, as clarity in these matters could further cement crypto's place in mainstream finance and technology-driven investment strategies.
