- The Purpose XRP ETF launches on the Toronto Stock Exchange.
- It provides direct XRP market exposure to investors.
- The ETF is regulated by the Ontario Securities Commission.
As the first spot XRP ETF in Canada, this launch marks a significant step in expanding digital asset accessibility, encouraging institutional and retail interest.
Purpose Investments and the New XRP ETF
Purpose Investments Inc. has introduced a new cryptocurrency ETF, the Purpose XRP ETF, on the Toronto Stock Exchange. Vlad Tasevski, Chief Innovation Officer at Purpose, highlights investor demand for accessible digital assets.
The ETF offers physically backed exposure to XRP, enabling investors with traditional accounts to participate in the XRP price movements. The launch, regulated by the Ontario Securities Commission, represents growing interest in digital assets.
The introduction of the XRP ETF is anticipated to enhance the market’s demand and liquidity dynamics, potentially influencing broader investor sentiment towards cryptocurrencies. Zero management fees for six months aim to boost initial capital inflows.
A Path for Institutional Opportunities
This inaugural ETF brings fresh opportunities for institutions by providing a compliant path to XRP, catalyzing interest in regulated crypto investments. Community trends suggest positive reception, reflecting confidence in Canada’s digital asset strategy.
Vlad Tasevski, Chief Innovation Officer, Purpose Investments Inc. shared, “Canadian investors continue to look for simple, safe, and transparent ways to access the digital asset market, and the XRP ETF has been one of the most requested digital assets in our lineup, thanks to XRP’s design for fast, low-cost global payments. With this launch, we’re not just adding another ETF — we’re expanding a platform built to reshape how Canadians access the future of finance. Our track record in digital assets reflects a deep belief in blockchain’s real-world potential, and we remain focused on trust, access, and education to help investors and advisors navigate this evolving space with clarity and confidence.”
The Purpose XRP ETF may pave the way for further regulatory-approved ETFs, solidifying Canada’s leadership in the digital asset space. Comparing historical reactions to spot BTC and ETH ETFs, similar institutional interest is expected.
