Altcoin
- Canada’s first spot XRP ETF launches June 18 on TSX.
- Available in CAD‑hedged, CAD, and USD tickers.
- Eligible for TFSA and RRSP, offering direct XRP exposure.
On June 18, 2025, Purpose Investments will debut its Purpose XRP ETF, marking a significant step for crypto investing in Canada. This spot XRP ETF trades on the Toronto Stock Exchange under three tickers: XRPP (CAD‑hedged), XRPP.B (CAD), and XRPP.U (USD). The launch provides direct exposure to XRP, the cryptocurrency often linked to cross-border payments.
Who Can Invest & How?
The ETF is designed for broad investor access:
- Eligible for TFSAs (Tax‑Free Savings Accounts) and RRSPs (Registered Retirement Savings Plans), making it easy for Canadians to include XRP in their long-term portfolios.
- Available in multiple currencies to suit investor preferences: CAD‑hedged, unhedged CAD, and USD.
Why It Matters
- Direct Spot Exposure: Unlike futures-based funds, this ETF holds actual XRP, meaning its price closely matches market movements.
- Diversification in Registered Accounts: Canadians can now gain crypto exposure within tax-advantaged accounts, diversifying retirement and savings strategies.
- Crypto ETF Innovation: Following the success of Bitcoin and Ethereum ETFs, the Purpose XRP ETF underscores growing mainstream acceptance of digital assets.
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Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.
