Purpose Investments’ New Ripple (XRP) ETF is Ready to Launch!

Jakarta, Pintu News – Purpose Investments Inc. recently announced the launch of its newest product, the Purpose XRP ETF, which is scheduled to begin trading on the Toronto Stock Exchange (TSX) on June 18.

With the trading code XRPP, the ETF offers three versions: Canadian dollar-hedged units (XRPP), non-Canadian dollar-hedged units (XRPP.B), and US dollar units (XRPP.U). This launch marks a major step in providing investors with easy and secure access to invest in Ripple (XRP).

Check out the full information here!

Ripple (XRP) ETF Launch Details

The Purpose XRP ETF, which will be available in three different versions, is designed to give investors direct exposure to Ripple (XRP). The Canadian dollar-hedged version aims to reduce the risk of exchange rate fluctuations, while the unhedged version provides an opportunity for investors to fully benefit from the price movements of Ripple (XRP) in Canadian dollars.

The US dollar version, on the other hand, allows international investors to participate more easily. These ETFs are also compatible with registered accounts such as Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs), giving Canadian investors more flexibility to manage their investments within a tax-efficient framework.

Also read: PumpFun Founder’s X Account Suspended, What’s Up?

The Role and Impact of Purpose Investments

Purpose Investments Inc. has been recognized as a pioneer in digital asset-related investment products in Canada. With the launch of ETFs for Bitcoin (BTC) and Ethereum (ETH) last year, the company continues to expand its portfolio in crypto assets

Purpose’s leadership in digital finance innovation has been widely recognized, and the launch of this Ripple (XRP) ETF is further evidence of its commitment to the development of an orderly digital asset ecosystem.

According to Vlad Tasevski, CIO at Purpose Investments, the approval from the Ontario Securities Commission (OSC) for the Ripple (XRP) ETF prospectus confirms Canada’s position as a global leader in building an organized digital asset ecosystem.

It demonstrates Canada’s commitment to supporting the adoption of blockchain in real-world applications, giving investors a safe and regulated tool to participate in this market.

Also read: Brazilian Stock Exchange Launches USD-Backed Ethereum and Solana Futures!

Global Market Response and Outlook

While Purpose Investments is moving forward with a Ripple (XRP) ETF in Canada, the United States Securities and Exchange Commission (SEC) is still in the process of reviewing similar applications. With several applications under consideration, it is possible that ETFs from ProShares and Franklin Templeton will be the first to gain approval in the US.

The difference in the pace of regulation between Canada and the US suggests a different approach to cryptocurrencies. However, it also reflects the significant growth potential for products such as the Ripple (XRP) ETF in the global market, along with the increasing acceptance and integration of blockchain technology in the mainstream financial system.

Conclusion

With the launch of the Purpose XRP ETF, Purpose Investments not only expands investment options in digital assets but also strengthens Canada’s position as a leader in digital finance innovation. The launch is expected to bring more awareness and adoption of Ripple (XRP) as a legitimate investment asset, as well as drive more innovation in blockchain-based financial products.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto Times. Breaking: Purpose XRP ETF Set to Launch on June 18. Accessed on June 17, 2025
• Featured Image: U Today