First XRP ETF Launches in Canada via Purpose Investments
On June 18, 2025, Purpose Investments, a Toronto-based asset management firm, introduced Canada’s first XRP-based Exchange-Traded Fund (ETF).
According to information we quoted from Beincrypto media, this product was officially launched after receiving approval from the Ontario Securities Commission (OSC).
This ETF allows investors to gain direct access to XRP through the conventional stock market, while keeping their investments in a registered account that provides tax benefits.
Regulatory and Tax Advantages
The OSC not only approved the launch of this ETF, but also allows this product to be held in accounts such as RRSPs and TFSAs, which offer significant tax advantages.
This makes the XRP ETF an attractive option for Canadian investors looking to diversify their portfolios in the crypto sector in a more structured way.
Statement from Purpose Investments
According to Vlad Tasevski, Chief Innovation Officer at Purpose Investments, this move strengthens Canada’s position as a global pioneer in developing a well-regulated digital asset ecosystem.
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Canada Outperforms the United States
With the launch of this XRP ETF, Canada has gone further than the United States in terms of innovation in XRP-based investment products.
In the US, a number of XRP ETF applications are still stuck at the Securities and Exchange Commission (SEC), with some of them experiencing repeated delays.
Impact on the Crypto Market
The presence of this ETF is expected to increase investor confidence, both institutional and retail, in XRP.
This product offers a safer and more affordable way to invest in XRP without having to own crypto assets directly, thus encouraging wider adoption of digital assets in the market.
Conclusion
The launch of the XRP ETF by Purpose Investments is a major step in integrating digital assets into the conventional financial system.
With strong regulatory support and attractive tax benefits, Canada has once again proven itself as a leader in blockchain-based financial innovation.
