In a significant development for the cryptocurrency market, two prominent investment firms have received regulatory approval to launch XRP exchange-traded funds (ETFs) on the Toronto Stock Exchange (TSX). Purpose Investments and 3iQ, both based in Canada, have introduced investment vehicles that provide direct exposure to XRP, the native token of the XRP Ledger.
Purpose Investments announced the approval of its spot XRP ETF, listed under the ticker XRPP, by the Ontario Securities Commission (OSC). The fund will offer units in CAD-hedged, CAD non-hedged, and USD formats, catering to a diverse range of investors. With trading set to commence on June 18, Canadian investors will have regulated access to XRP through traditional investment channels, including registered accounts like TFSAs and RRSPs.
Meanwhile, 3iQ launched its XRP ETF, named XRPQ, on the TSX with backing from Ripple, the company behind the XRP token. This offering marks another significant milestone in the growing acceptance of digital assets within the Canadian financial market. Notably, 3iQ’s XRP ETF comes with zero management fees for the first six months, further enhancing its appeal to investors seeking exposure to XRP.
The approval and launch of these XRP ETFs have triggered a positive response in the market, with XRP’s price rising nearly 7% in the 24 hours following the announcements. This surge reflects investor optimism surrounding the regulated access to XRP and underscores the growing demand for cryptocurrency investment products in Canada.
Canada’s proactive approach to regulating digital assets has positioned the country as a global leader in building a regulated digital asset ecosystem. While major jurisdictions like the United States are yet to approve spot cryptocurrency ETFs, Canada continues to pave the way for expanding regulated offerings in the digital asset space.
XRP, designed to facilitate low-cost, fast cross-border payments, has gained traction as a popular token for international transactions. The introduction of XRP ETFs by Purpose Investments and 3iQ provides Canadian investors with simplified access to this cross-border payment token through mainstream investment channels, further integrating digital assets into traditional portfolios.
As the XRP ETFs from Purpose Investments and 3iQ begin trading on the TSX, they represent a significant step forward in the diversification of investment options available to Canadian investors. The zero management fees offered by 3iQ for its XRP ETF during the initial six months add an attractive incentive for investors looking to capitalize on the potential growth of the XRP token.
In conclusion, the approval and launch of XRP ETFs in Canada signal a growing acceptance and adoption of digital assets within the traditional financial market. With Purpose Investments and 3iQ leading the way, Canadian investors now have regulated access to XRP through ETFs, providing them with a convenient and secure means to invest in the burgeoning cryptocurrency space.
References:
1. [Finance Magnates – XRP Rises as Canada Approves Spot ETF for Toronto Stock Exchange Listing](https://www.financemagnates.com/cryptocurrency/xrp-rises-as-canada-approves-spot-etf-for-toronto-stock-exchange-listing/)
2. [CoinDesk – Another XRP ETF Comes to Canada as 3iQ Launches XRPQ on Toronto Stock Exchange](https://www.coindesk.com/markets/2025/06/18/another-xrp-etf-comes-to-canada-as-3iq-launches-xrpq-on-toronto-stock-exchange)
3. [Cointelegraph – 3iQ launches XRP ETF on Toronto Stock Exchange with Ripple as investor](https://cointelegraph.com/news/3iq-launches-xrp-etf-toronto-stock-exchange?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)
