TORONTO, June 16, 2025 – Purpose Investments Inc. has secured final regulatory approval from the Ontario Securities Commission (OSC) for its Purpose XRP ETF, marking a pivotal advancement in Canada’s digital asset investment landscape. The ETF is scheduled to debut on the Toronto Stock Exchange (TSX) under the ticker XRPP on Wednesday, June 18, 2025.
Investment Opportunity
The Purpose XRP ETF provides direct exposure to spot XRP, the native cryptocurrency of the XRP Ledger—a decentralized blockchain optimized for efficient cross-border transactions. This approval underscores Purpose’s commitment to expanding regulated digital asset access through transparent investment frameworks.
"Canada’s regulatory green light for the XRP ETF solidifies our leadership in fostering a secure digital asset ecosystem," said Vlad Tasevski, Chief Innovation Officer at Purpose Investments. "This launch simplifies institutional-grade XRP exposure for investors, aligning with real-world blockchain utility."
Key Features
Ticker Symbols:
- CAD-hedged: XRPP
- CAD non-hedged: XRPP.B
- USD-denominated: XRPP.U
- Registered Account Eligibility: Holdable in TFSAs and RRSPs.
👉 Explore XRP investment strategies
FAQs
1. What is the XRP Ledger?
The XRP Ledger is an open-source blockchain facilitating rapid, low-cost international payments, with XRP as its native token.
2. How does the Purpose XRP ETF differ from direct XRP ownership?
The ETF offers a regulated, custodial solution without the technical complexities of self-custody, ideal for traditional investors.
3. Can U.S. investors participate?
Yes, via USD-denominated units (XRPP.U).
👉 Learn about crypto ETF advantages
About Purpose Investments
Purpose Investments manages $24 billion in assets, specializing in innovative ETFs and funds. As a division of Purpose Unlimited, it operates under fintech entrepreneur Som Seif’s leadership.
Contact:
- Email: [email protected]
- Media Inquiries: Keera Hart (905-580-1257)
Disclaimer: This summary is informational only. Investors should review the prospectus before decisions. Crypto assets are volatile; capital risk exists. Forward-looking statements involve uncertainties and assumptions.
For further details, visit Purpose Investments’ official site.
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