$XRP BREAKING!
🔹XRP ETFs in Canada
Two spot XRP ETFs are officially launching on June 18, 2025, on the Toronto Stock Exchange (TSX) – marking a significant milestone for regulated crypto investment access:
🟩 1. Purpose XRP ETF (XRPP)
• Provider: Purpose Investments
• Tickers:
• XRPP – CAD-hedged
• XRPP.B – CAD, non-hedged
• XRPP.U – USD version
• Structure: Fully backed by physical XRP, meaning each ETF share is tied to actual XRP held in custody.
🟩 2. Evolve XRP ETF
• Provider: Evolve ETFs
• Tickers:
• XRP – CAD version
• XRP.U – USD version
• Structure: Also a spot ETF, physically backed by real XRP holdings.
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These launches offer regulated exposure to XRP through traditional investment accounts, including brokerage portfolios, retirement funds (e.g. TFSA/RRSP in Canada), and institutional portfolios. This allows investors to gain XRP exposure without needing crypto wallets or exchanges, lowering the entry barrier significantly.
Such ETFs can also drive real buying pressure, since fund managers must acquire and hold actual XRP on behalf of investors – potentially impacting the token’s price directly if demand rises significantly after launch.