In a groundbreaking development for cryptocurrency enthusiasts, the Purpose XRP ETF and the 3iQ XRP ETF have officially launched on the Toronto Stock Exchange (TSX) as of June 18, 2025. This marks a historic moment as one of the first exchange-traded funds (ETFs) focused on XRP, the native cryptocurrency of the Ripple network, becomes accessible to Canadian investors.
The Purpose XRP ETF, listed under tickers such as XRPP, XRPP.B, and XRPP.U, offers direct exposure to XRP in CAD, CAD-hedged, and USD units. Similarly, the 3iQ XRP ETF, backed by Ripple, introduces a 0% fee introductory offer, making it an attractive option for investors looking to diversify their portfolios with digital assets.
This launch positions Canada as a leader in regulated cryptocurrency adoption, following its pioneering role in launching Bitcoin and Ethereum spot ETFs in 2021. The introduction of these ETFs on the TSX provides a secure and accessible way for both retail and institutional investors to gain exposure to XRP without the complexities of managing crypto wallets or navigating unregulated exchanges.
Industry experts believe this could pave the way for broader acceptance of XRP-based financial products globally, especially as regulatory clarity around cryptocurrencies continues to evolve. The XRP ETF launch is seen as a significant step toward mainstream adoption, potentially influencing markets in the United States and beyond where similar products are under review.
Market sentiment, as reflected in recent online discussions, indicates optimism among the crypto community, with many viewing this as a major milestone for Ripple and XRP's utility narrative. Analysts suggest that the ETF could drive increased liquidity and price stability for XRP, currently one of the top cryptocurrencies by market capitalization.
As the crypto market continues to rally, with total market cap reaching new heights, the launch of these ETFs on the Canadian market underscores the growing integration of digital assets into traditional financial systems. Investors are encouraged to stay informed about regulatory updates and market trends as this exciting chapter for XRP unfolds.
Maria Lourdes
