Canada has officially become the first country in North America to approve spot XRP exchange-traded funds, making a significant advancement in the region’s regulated crypto investment space. According to Brett on X and verified by reliable industry sources, the approval was issued by the Ontario Securities Commission.
Two leading Canadian asset managers, Purpose Investments and 3iQ, received the green light on June 18, 2025, to launch their spot XRP ETFs. Purpose Investments introduced the Purpose XRP ETF, which now trades on the Toronto Stock Exchange under three tickers.
These are XRPP for CAD-hedged units, XRPP.B for CAD unhedged, and XRPP.U for USD-denominated units. All versions are eligible for Canadian tax-sheltered accounts such as RRSPs and TFSAs.
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Vlad Tasevski, Chief Innovation Officer at Purpose, stated that XRP has remained one of the most requested assets by investors. He further said the ETF gives access to the direct market exposure to XRP without digital wallets and secret keys, to which users would otherwise need to deal.
Alongside Purpose, 3iQ launched its product, the 3iQ XRP ETF, listed under the ticker XRPQ. In order to capture early attention, 3iQ will waive the management fees during the first six months.
Authorities close to the case also stated that Ripple, the corporation that owns XRP, has also invested early in the fund, demonstrating increasing institutional support of XRP.
Canada’s Move Follows Global Momentum in Spot XRP ETF Growth
This approval places Canada in line with other jurisdictions that have already embraced spot XRP investment products. Brazil became the first country in the world to approve such a fund in April 2025. The XRPH11 ETF, created by Hashdex and Genial Investimentos, quickly gained attention on Brazil’s B3 exchange.
Over the last few years, XRP exchange-traded products have been available to XRP investors in Europe. The WisdomTree Physical XRP ETP, fully collateralized and characterized as one of the most noticeable ones, is listed on Xetra, SIX Swiss Exchange, and Euronext.
In the meantime, the United States has not received any spot XRP ETF even after asset managers such as Grayscale and Bitwise have filed applications. It has not yet been approved by the SEC, making only futures-based options available to U.S. investors.
Canada’s approval signals a growing trend of regulated digital asset products gaining traction worldwide. The decision of the country to become the first in North America to launch a spot XRP ETF has become a step toward an active close to traditional finance and the world of blockchain-based assets.
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