Canada Launches First Spot XRP ETF on TSX

Canada witnessed a significant moment in cryptocurrency as Purpose Investments Inc. introduced the first spot XRP ETF on the Toronto Stock Exchange (TSX) on June 18, 2025.

XRP’s entry into the regulated ETF space may lead to increased institutional participation and broader market acceptance.

Purpose Investments Inc. made a groundbreaking move by launching the first-ever regulated spot XRP ETF in Canada. Listed on the Toronto Stock Exchange under the ticker XRPP, this ETF offers participants direct exposure to XRP. Vlad Tasevski, Chief Innovation Officer at Purpose Investments, remarked:

“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. 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, Franklin Templeton is seeking approval for a similar ETF in the U.S., with Coinbase Custody Trust poised to secure its physical XRP holdings.

The Canadian XRP ETF immediately impacts the cryptocurrency market by providing a regulated entry point for both retail and institutional investors. While the market anticipates regulatory developments, stakeholders are closely watching potential shifts in asset allocation.

With this development, Canada has positioned itself as a leader in digital asset regulation, potentially prompting the U.S. SEC to follow suit. The composition of ETF portfolios might see changes as asset managers adapt to this innovative addition.

Historical precedents indicate that similar ETF approvals have led to increased market valuations and investor confidence. XRP could experience comparable growth in its market presence if further ETF approvals, particularly in the U.S., come through.