17.06.2025 07:41

Purpose Investments, a major Canadian asset manager headquartered in Ottawa, has broken new ground in the cryptocurrency investment landscape. On June 18th, they announced the imminent launch of Canada's first XRP exchange-traded fund (ETF), directly pegged to the price of XRP. This innovative investment vehicle is poised to debut on the Toronto Stock Exchange (TSX).

The regulatory approval from the Ontario Securities Commission (OSC) represents a significant milestone, granting Canadian investors unprecedented access to the XRP market through a regulated and readily accessible ETF. This marks a notable step forward for the Canadian financial sector's embrace of digital assets.

This ETF provides a convenient and regulated pathway for investors seeking exposure to XRP, bypassing the complexities and potential risks associated with directly purchasing and storing the cryptocurrency. Purpose Investments' initiative has positioned Canada as a leader in facilitating regulated cryptocurrency investments. The launch signifies a growing confidence in the broader cryptocurrency market and its increasing integration into traditional finance. The TSX listing is expected to boost XRP's visibility and liquidity within Canada's investment community.