Canada Pioneers Tax-Advantaged XRP ETF, Bolstering Crypto Investment Landscape

Canada is making waves in the cryptocurrency space by becoming the second country to launch an XRP ETF, following regulatory approval from the Ontario Securities Commission (OSC). The ETF, offered by Purpose Investments, will be available in registered accounts, providing investors with significant tax advantages on gains. This development underscores Canada''s leadership in regulated digital asset innovation and offers a rare opportunity for investors to access XRP through a tax-efficient vehicle. As of June 2025, this move is expected to attract substantial interest from both institutional and retail investors, further legitimizing XRP and the broader crypto market.

Canada to Launch First XRP ETF with Tax Advantages

Canada is set to become the second country to offer an XRP ETF, with Purpose Investments receiving regulatory approval from the Ontario Securities Commission (OSC). The ETF will be available in registered accounts, enabling investors to benefit from significantly lower tax rates on gains—a notable advantage in a market where such products remain scarce.

The move reinforces Canada''s position as a leader in regulated digital asset innovation. Purpose Investments, which also launched North America''s first crypto ETF four years ago, continues to pioneer accessible crypto investment vehicles. Regulatory clarity in Canada contrasts with ongoing delays in the U.S., where XRP ETF approvals remain pending.

Purpose Investments Receives Regulatory Approval for XRP ETF Launch on Toronto Stock Exchange

Purpose Investments has secured final regulatory approval to launch the Purpose XRP ETF, marking a significant milestone in Canada''s digital asset market. The fund will begin trading on the Toronto Stock Exchange on June 18 under three tickers: XRPP (CAD-hedged), XRPP.B (CAD), and XRPP.U (USD).

The ETF provides direct exposure to spot XRP, the native token of the XRP Ledger, and will be eligible for registered accounts like TFSAs and RRSPs. Purpose Investments aims to broaden access to digital assets through regulated and transparent investment vehicles, reinforcing its leadership in the space.

CEO Som Seif emphasized the ETF''s role in offering investors a familiar and regulated framework for XRP exposure. The fund will hold long-term Ripple assets, further solidifying its appeal to institutional and retail investors alike.

XRP''s Supply Dynamics Under Scrutiny as Ripple Eyes SWIFT''s Market Share

A crypto analyst''s calculations suggest Ripple capturing 14% of SWIFT''s annual cross-border volume—approximately $4.2 trillion—could reshape XRP''s utility. Daily transactions WOULD require $11.5 billion in XRP liquidity, though actual token usage may be constrained by conservative settlement assumptions.

The analysis deliberately models slower transaction speeds (one XRP transfer every three minutes) despite the network''s 3-5 second capability. This highlights the tension between theoretical throughput and real-world liquidity management challenges in global payments.

XRP Lawsuit Nears Critical Juncture as Judge Torres Weighs Settlement Terms

The protracted legal battle between Ripple Labs and the U.S. SEC approaches a decisive moment as Judge Analisa Torres considers reopening her final judgment. Legal experts remain divided on whether the court will accommodate a revised settlement proposal or maintain its original terms.

Bill Morgan, a prominent pro-Ripple attorney, notes the court''s swift rejection of prior motions suggests skepticism. "Seven days to dismiss the last joint motion speaks volumes," he observed, cautioning against interpreting procedural speed as judicial favor.

The Core dispute now hinges on whether Judge Torres will accept modified terms that reduce penalties and dissolve injunctions—key conditions for any settlement. Market participants watch closely as the outcome could set precedent for how regulators treat digital assets moving forward.

XRP Price Faces Bearish Pressure Amid Critical Technical Test

XRP''s price action has disappointed bullish traders, with the asset struggling to hold above $2.20 and recently dipping to $2.10. Despite neutral market sentiment, technical analysis suggests a potential breakdown toward $0.93 if key support levels fail.

The cryptocurrency currently trades between descending resistance and horizontal support, with $2.13 acting as a crucial buffer. A decisive break above $2.58 could spark bullish momentum, but XRP has repeatedly failed to conquer this resistance zone.

Critical demand floors at $1.708 and $1.4248 may stem further declines, while historical accumulation zones around $0.9329 loom as potential targets in a bearish scenario. TradingView charts highlight these levels as strategic accumulation points for long-term holders.

XRP Price Climbs Higher — Is It Finally Turning Attractive to Bulls?

XRP price has initiated a fresh upward trajectory, breaking through the $2.20 resistance level. The digital asset now trades above this threshold and the 100-hourly Simple Moving Average, signaling potential bullish momentum. A key trend line with support at $2.180 on the hourly XRP/USD chart suggests underlying strength.

The cryptocurrency recently tested the $2.3350 zone after a 5% surge, outpacing both Bitcoin and Ethereum. While currently undergoing a minor correction, the 50% Fibonacci retracement level of the recent upswing provides a potential floor. Resistance levels loom at $2.280 and $2.320, with a decisive break above $2.3350 potentially propelling prices toward $2.38.