Quick overview

Live XRP/USD Chart

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Purpose Investments is leading the effort to introduce the first-ever XRP ETF on the Toronto Stock Exchange, marking a significant milestone for Canada.

This development provides Canadian investors with a controlled, accessible way to gain exposure to XRP without direct cryptocurrency trading..

 The Purpose XRP ETF will provide a range of ticker options to accommodate varying currency preferences, enhancing investor flexibility. Purpose Investments is launching the first XRP ETF in Canada on the TSX with multiple currency options, allowing investors direct access to XRP.

Canadian investors with brokerage accounts can begin trading the Purpose XRP ETF starting June 18 by searching for the relevant ticker symbols, XRPP, XRPP.B, or XRPP.U on their online trading platforms.

This ETF will hold XRP tokens directly, providing investors access to a regulated financial product on the Toronto Stock Exchange that tracks XRP’s price movements. Unlike traditional cryptocurrency purchases, this ETF offers a well-known investment vehicle that can be accessed through regular brokerage accounts, eliminating the need to navigate cryptocurrency exchanges or manage wallets.

Its performance closely reflects the market value of the underlying asset, as XRP is directly backed by the ETF, providing true exposure to XRP price volatility