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Home»Crypto»Canada’s First Spot XRP ETF Goes Live Today: Here’s How To Invest 
Crypto

Canada’s First Spot XRP ETF Goes Live Today: Here’s How To Invest 

June 18, 2025No Comments2 Mins Read
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The Purpose XRP ETF (ticker XRPP) is now live as of today, June 18, on the Toronto Stock Exchange. This milestone marks the introduction of Canada’s very first spot XRP ETF, providing investors with regulated access to XRP through traditional investment avenues.

The XRP ETF is available for trading on TSX in three variations: CAD-hedged (XRPP), CAD non-hedged (XRPP.B), and USD-denominated (XRPP.U). Each version carries a management fee of 0.69%, with the total cost capped at 0.89% and any savings passed on to investors.

Investors can hold these new XRP ETFs in popular Canadian accounts such as Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs), providing a convenient way to gain exposure to crypto without the need for crypto wallets or exchanges.

Vlad Tasevski, Chief Innovation Officer at Purpose Investments, emphasized that the approval of the XRP ETF by the OSC demonstrates Canada’s leadership in establishing a secure, regulated environment for digital assets.

How to Invest in Purpose XRP ETF?

To invest in the Purpose XRP ETF, investors must first have access to the Toronto Stock Exchange (TSX), where the fund is listed. They can open a brokerage account with a Canadian platform supporting TSX trading or utilize online brokerages offered by major banks.

These platforms enable users to trade ETFs similar to stocks. Once the account is established and funded, investors can search for the ETF using its ticker symbol.

Given that Purpose provides three versions of its XRP ETF (XRPP, XRPP.B, and XRPP.U), investors can select based on their currency and risk preferences.

Upon selection, investors can place a market or limit buy order through any brokerage with access to the Toronto Stock Exchange. Additionally, the ETF can be held within tax-advantaged accounts like a TFSA or RRSP.

The launch of the Purpose XRP ETF follows Brazil’s introduction of its own XRP ETF earlier this year. While the US SEC has yet to decide on an XRP ETF, Canada’s pioneering move may pave the way for a similar product in the US in the near future.

Canadas ETF Heres invest Live Spot today XRP
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