The digital asset investment space is set to expand in Canada as a spot XRP ETF prepares to make its debut on the Toronto Stock Exchange this week. This marks a significant development in the institutional adoption of altcoins and offers new access for traditional investors.
XRP ETF Gets Regulatory Green Light
Purpose Investments, the issuer behind the world’s first spot Bitcoin ETF, has received final regulatory approval to launch a spot XRP exchange-traded fund in Canada.
The ETF will begin trading on the Toronto Stock Exchange under the ticker symbol XRPP on Wednesday, June 18.
The approval was granted by the Ontario Securities Commission (OSC), signaling continued openness from Canadian regulators toward expanding digital asset investment options.
XRP Price Reacts With 7% Rally
Following the announcement, XRP’s price surged by nearly 7%, outperforming both Bitcoin and the broader digital asset market index. As of the latest update, XRP is trading at $2.24, gaining momentum from increased institutional interest.
This price jump reflects investor optimism around regulated crypto products, especially altcoins like XRP that have long awaited more mainstream recognition.
Canada Leads in Regulated Crypto Products
Canada has emerged as a leader in digital asset regulation, previously launching the first spot Bitcoin ETF in 2021—well before similar products were approved in other major markets.
The upcoming launch of the XRPP ETF reinforces Canada’s role in shaping a regulated crypto investment ecosystem.
By allowing XRP exposure through traditional investment accounts, this move is expected to bring new liquidity and broader market participation into the XRP ecosystem.
What This Means for Investors
The launch of a spot XRP ETF offers:
- Direct exposure to XRP without holding the token directly
- Access through traditional brokerages and retirement accounts
- A sign of growing regulatory acceptance for altcoins
Institutional adoption continues to expand beyond Bitcoin and Ethereum, with altcoins like XRP entering the spotlight through fully regulated investment vehicles.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.