16.06.2025 20:29

Purpose Investments, a prominent Canadian asset manager, has secured final regulatory approval to launch its highly anticipated Purpose XRP ETF. This marks a significant milestone for the company and the broader digital asset investment landscape.

Trading commences on the Toronto Stock Exchange on June 18th, under the ticker symbols XRPP (CAD-hedged), XRPP.B (CAD), and XRPP.U (USD). Investors can thus gain direct exposure to XRP, the native cryptocurrency of the XRP Ledger, a blockchain known for its speed and efficiency in facilitating international payments.

The ETF's accessibility is a key feature. It will be available to registered accounts, including Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs), broadening participation in the digital asset market. Purpose Investments clearly intends to provide regulated and transparent investment vehicles, furthering its commitment to accessible digital asset investment.

This launch underscores Purpose Investments' leadership in Canadian digital asset investment. CEO Som Seif's earlier vision of providing a regulated and easily accessible pathway to XRP investment has become a reality. Vlad Tasevski, Chief Innovation Officer, celebrated this achievement, highlighting Canada's pioneering role in establishing a regulated digital asset ecosystem and emphasizing the ETF's role in furthering secure and straightforward investment opportunities.

The approval of the Purpose XRP ETF is noteworthy, considering the extensive regulatory scrutiny surrounding digital assets. Its successful registration surpasses many other cryptocurrencies, solidifying XRP's position in the investment world. This successful ETF filing further cements the progress made by Purpose Investments in the Canadian market and suggests increasing confidence in the future of regulated digital asset investment. The event was highlighted on internet sources.