XRP ETF To Debut In Canada, Setting The Stage For US Showdown
Purpose Investments Inc. has secured final regulatory approval from the Ontario Securities Commission (OSC) to launch the Purpose ETF, which will begin trading on the Toronto Stock Exchange (TSX) on Wednesday, June 18, under the ticker XRPP.
This marks Canada’s first spot XRP exchange-traded fund, offering investors direct exposure to XRP (CRYPTO: XRP), the native token of Ripple, a blockchain designed for fast and cost-effective cross-border payments.
The ETF represents the latest addition to Purpose’s established suite of digital asset offerings, following its pioneering spot Bitcoin (CRYPTO: BTC) and Solana (CRYPTO: SOL) ETFs.
Vlad Tasevski, chief innovation officer at Purpose, stated, “The OSC’s granting of a receipt for the Purpose XRP ETF prospectus reinforces Canada’s global leadership in building a regulated digital asset ecosystem.”
The Purpose XRP ETF will be available in three formats: CAD-hedged (XRPP), CAD non-hedged (XRPP.B), and US …
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