⚠️ BREAKING: ETF Purpose XRP
Purpose Investments has received the final prospectus receipt for its Purpose XRP ETF, marking a major milestone in institutional crypto adoption in Canada. The fund is expected to begin trading on the Toronto Stock Exchange (TSX) on June 18, under the ticker XRPP.
This ETF will offer direct exposure to XRP, the native token of the XRP Ledger (XRPL), and becomes the third spot XRP ETF globally, following previous launches by Hashdex in Brazil and 21Shares in Switzerland.
🔹 Available in multiple currencies:
• CAD hedged (XRPP)
• CAD unhedged (XRPP.B)
• USD (XRPP.U)
It will also be eligible for registered investment accounts such as TFSAs and RRSPs.
Meanwhile, in the United States, seven asset managers are still awaiting the SEC's decision on their XRP ETF filings. According to CoinGape, the probability of approval has reached 87%, fueling optimism ahead of the October 17 deadline for a final ruling.
📈 Following the ETF approval in Canada, XRP surged over 7% in the past 24 hours, currently trading around $2.32, according to CoinMarketCap data.
This development further strengthens XRP’s position as an institutional-grade digital asset, while highlighting Canada's leadership in regulated crypto investment products.
