Canada Launches First XRP Spot ETF on TSX
Canada debuts its first XRP spot ETF on the TSX, offering investors regulated, low-cost access to XRP with multiple currency options.
- Canada’s first spot XRP ETF, XRPP, launches on TSX today.
- Investors can choose CAD‑hedged, CAD, or USD units via registered accounts.
- 3iQ introduces a second XRP ETF, XRPQ, with zero‑fee launch.
On June 18, 2025, Canada marked a milestone by launching its first XRP spot ETF on the Toronto Stock Exchange (TSX). Managed by Purpose Investments, the Purpose XRP ETF (ticker XRPP) is now officially live. Investors can access XRP through tax-advantaged accounts such as TFSAs and RRSPs without directly holding or managing cryptocurrency wallets.
Multi-Currency & Institutional-Grade Structure
XRPP is available in three distinct units:
- XRPP – CAD‑hedged
- XRPP.B – CAD non‑hedged
- XRPP.U – USD denomination
Backed by custodians Gemini and Coinbase, the ETF uses cold storage to secure XRP assets, aligning with Purpose’s institutional-grade standards.
3iQ Follows with Second XRP ETF
Earlier today, 3iQ launched a rival XRP ETF (XRPQ) on the TSX, notable for offering 0% management fee for the first six months. Ripple Labs is an early investor in this fund, with both Canadian and qualified global investors now able to trade XRPQ.
According to Pascal St-Jean, 3iQ’s CEO, this product enhances “transparent, low‑cost and tax‑efficient” access to XRP. To celebrate, 3iQ executives rang the TSX closing bell this afternoon.
What This Means for the Crypto Market
Canada is now cementing its role as a global leader in crypto investment solutions:
This launch may intensify demand for other altcoin ETFs and shape international regulatory discussions.
The arrival of the XRP spot ETF follows the trend set by Bitcoin and Ether spot funds.
U.S. regulators have not yet approved any XRP ETF, making Canada a key testing ground.
Investor Takeaways
- Accessible crypto exposure – Individuals can invest in XRP via standard brokerage platforms and registered accounts.
- Currency flexibility – Choice of CAD‑hedged, CAD, or USD units helps manage FX risk.
- Competitive pricing – 3iQ offers a zero-fee introductory period; Purpose’s ETF maintains competitive fees.
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