Purpose Investments Ignites XRP Craze with New ETF Launch!

Canada's Financial Giant Scores Big with XRP on TSX

Hang onto your hats, crypto fans! Purpose Investments, the powerhouse with over $24 billion under its belt, just dropped a bombshell: they're launching the Purpose XRP exchange-traded fund. Mark your calendars for June 18, 2025, because that's when the action kicks off!

Just this past Monday, June 16, these Canada-regulated trailblazers got the green light on their Purpose XRP ETF prospectus. Now, they're ready to unleash their Ripple (XRP) ETF on the public, right on the Toronto Stock Exchange. And get this, it's going to trade under the slick ticker XRPP. Talk about a game-changer!

Vlad Tasevski, the chief innovation officer at Purpose Investments, couldn't contain his excitement, stating, "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." You heard it here first, folks - Canada's leading the charge!

Set your alarms for Wednesday, June 18, 2025, because that's when the spot XRP ETF goes live on the TSX. You won't want to miss this!

This ETF isn't messing around. It'll give you direct exposure to spot XRP, available in Canadian dollars. You can go CAD-hedged with XRPP or non-hedged with XRPP.B. And for our American friends, U.S. dollar units are up for grabs under XRPP.U. It's a buffet of options!

What's even cooler? You can stash these ETFs in your registered accounts, like Tax-Free Savings Accounts and Registered Retirement Savings Plans. That's right, your favorite Canadian savings tools just got a whole lot more exciting.

Purpose Investments didn't just wake up and decide to do this. They've been working on this XRP ETF for months, filing their prospectus and waiting for approval. And now, with this launch on the Toronto Stock Exchange, they're joining the party that started earlier this year with a spot XRP ETF in Brazil. The global XRP ETF revolution is real!

While these milestones are huge for altcoin-based ETFs, let's not forget the elephant in the room - the U.S. Everyone's still buzzing about what's happening stateside.

Remember, the U.S. Securities and Exchange Commission already gave the nod to spot Bitcoin (BTC) and Ethereum (ETH) ETFs back in 2024. But they've been playing hard to get with other altcoins. That said, whispers are getting louder that XRP, Solana, and Litecoin ETFs might just make their U.S. debut in 2025. The plot thickens!