#VietnamCryptoPolicy Purpose Investments will launch a spot XRP exchange-traded fund (ETF) in Canada after receiving regulatory approval.

The ETF will trade on the Toronto Stock Exchange under the ticker XRPP starting Wednesday, June 18.

XRP's price rose nearly 7% over the past 24 hours, outperforming bitcoin and the CoinDesk 20 Index.

Purpose launched the world's first spot bitcoin ETF, in Canada, in 2021.

Vietnam Passes Landmark Law Recognizing Crypto Assets

The law outlines a framework for managing digital assets and fostering blockchain innovation and will take effect on Jan. 1, 2026.