A great moment for the world of cryptography has arrived! Purput Investments Inc. officially obtained the final green light for Son ETF XRP for purposes, paving the way for the launch of the fund this week at the Toronto Stock Exchange (TSX). The ETF will begin to negotiate on Wednesday June 18, 2025, under the symbol of the XRPP Ticker.
This makes it the first XRP ETF spot in Canada, offering investors a simple and regulated means of making direct exposure to XRP.
Vlad Tasevski, director of innovation at Publis Investments, described the approval of breakthroughs for the country’s cryptos market. “This indicates the growing leadership of Canada in the creation of a secure and regulated environment for digital assets. We are proud to show the way by offering investors a safe and reliable access to the technologies fueled by the blockchain, “he said.
The new fund will be available in several formats to meet the different needs of investors:
- XRPP: Covered covered units
- XRPP.B: Units not covered with frames
- XRPP.U: US dollars units
Investors will also be able to hold the Outain XRP ETF in accounts adapted to taxes such as TFSAS and RRS, which facilitates the diversification of Canadians in crypto through trusted and regulated options.
The timing could not be more interesting – this development arrives while the Ripple vs dry case in the United States is heading for a critical deadline. With potentially legal clarity on the horizon, the increasing global acceptance of XRP is reflected in movements like this.
The XRP market already displays bull signs. The price is up more than 7% and exceeded the significant level of $ 2.30 at the time of the editorial staff.
