Canadian regulatory authorities have approved the launch of the Purpose XRP ETF by Purpose Investments, which manages assets exceeding $24 billion. The fund will begin public trading on the Toronto Stock Exchange under the ticker XRPP starting June 18, 2025. This decision came after the Ontario Securities Commission (OSC) approved the fund's prospectus, reinforcing Canada's position as a leader in the regulation of digital assets. Vlad Tasevski, the company's Chief Innovation Officer, described this step as reflecting Canada's leadership in building a regulated digital ecosystem.
