Canada Makes History with First XRP Spot ETF Launch

In a groundbreaking move for the cryptocurrency industry, Canada has approved its first XRP spot ETF, set to debut on June 18, 2025. The Purpose XRP ETF, managed by Purpose Investments Inc., will trade on the Toronto Stock Exchange (TSX) under the ticker symbol XRPP. This development marks a significant milestone, offering investors a regulated and direct exposure to XRP. Vlad Tasevski, Chief Innovation Officer at Purpose Investments, praised the approval as a testament to the growing acceptance of digital assets in traditional finance. The launch is expected to attract both institutional and retail investors, further legitimizing XRP as a mainstream investment option. This move also positions Canada as a leader in cryptocurrency innovation, following its earlier approvals of Bitcoin and Ethereum ETFs. The XRP community has welcomed the news, anticipating increased liquidity and adoption for the digital asset. As of June 2025, this ETF represents a major step forward in bridging the gap between traditional finance and the crypto ecosystem.

Canada Approves First XRP Spot ETF, Set to Debut June 18

Purpose Investments Inc. has received final approval for its Purpose XRP ETF, marking a significant milestone for the crypto industry. The fund will begin trading on the Toronto Stock Exchange (TSX) on June 18, 2025, under the ticker symbol XRPP. This is the first spot XRP ETF in Canada, providing investors with a regulated avenue for direct exposure to XRP.

Vlad Tasevski, Chief Innovation Officer at Purpose Investments, hailed the approval as a breakthrough for Canada's crypto market. The ETF will be available in multiple formats, including CAD-hedged (XRPP), CAD non-hedged (XRPP.B), and US dollar units (XRPP.U). Investors can also hold the ETF in tax-advantaged accounts like TFSAs and RRSPs, further simplifying crypto diversification.

The approval comes at a pivotal moment as the Ripple vs. SEC case in the U.S. approaches a critical juncture. Canada's move underscores its leadership in fostering a secure, regulated environment for digital assets.

Ripple’s Strategic IPO Delay and XRP’s Future Prospects

Ripple’s decision to postpone its IPO until at least 2026 reflects a calculated strategy rather than a setback. The company is prioritizing share buybacks and acquisitions to solidify its foundation, as evidenced by a recent $700 million repurchase initiative. This approach aims to balance liquidity for early investors with long-term corporate control.

Analysts draw parallels to Circle’s post-IPO performance, where its valuation surged from $7 billion to $25 billion. Ripple’s unique integration with XRP could amplify this effect, potentially creating the first hybrid crypto-equity public offering. Such a move WOULD establish new institutional pathways for digital asset adoption.

Regulatory clarity under the current U.S. administration adds momentum. A successful Ripple IPO may catalyze broader acceptance of token-linked business models, with XRP positioned as the primary beneficiary. Market observers anticipate this could trigger significant capital inflows into the XRP ecosystem when the public offering eventually materializes.

XRP Rallies on Rising Volume and Fresh Confidence in Ripple’s Future

XRP is gaining momentum as traders and institutions show renewed confidence, pushing the cryptocurrency closer to the symbolic $3 mark. The price currently stands at $2.29, up 5.84% in the past 24 hours, accompanied by a surge in trading volume exceeding $1.9 billion. This activity suggests accumulating interest ahead of a potential larger price movement.

Optimism stems from progress in Ripple's legal battle with the SEC. A renewed motion for settlement was submitted on June 12, addressing procedural issues that previously led to a rejection. Market participants interpret this development as a sign of easing regulatory uncertainty, fueling bullish sentiment.

Why 1,000 XRP Could Be a Smart Long-Term Investment

Prominent crypto advocate Edoardo Farina, founder of Alpha Lions Academy, argues that holding 1,000 XRP may position investors for significant long-term gains. Farina cites the digital asset's potential role in reshaping global finance, particularly through European adoption.

The European Central Bank's planned 2025 digital euro rollout could serve as a catalyst. While unconfirmed, Farina suggests the XRP Ledger might underpin the digital euro's infrastructure, leveraging Europe's existing TIPS instant payment system. Such integration would cement XRP's utility in cross-border settlements.

Ripple's expanding influence in European financial markets adds credence to this thesis. The company's growing regulatory clarity and institutional partnerships create fertile ground for XRP's adoption as a bridge currency in central bank digital currency ecosystems.

XRP Lawsuit Update: Appeals Paused Until August 15 as Ripple and SEC Await Key Decision

The Second Circuit Court has granted a request from Ripple Labs and the U.S. SEC to maintain a pause on appeals until August 15, 2025. Both parties await a district court ruling on a proposed settlement that would see Ripple pay a reduced $50 million penalty—down from the originally sought $125 million—with remaining funds returned to the company.

The settlement, if approved, would mark a significant development in the long-running case, potentially lifting the SEC's injunction against Ripple. Market observers view the August 15 status report deadline as a critical milestone for XRP's regulatory clarity in the U.S. cryptocurrency landscape.

XRP Price on the Rise: Can it Break $2.35 and Reach Its All-Time High?

XRP's daily transactions have surged to over 295,000, marking a significant uptick in network activity and demand. This growth starkly contrasts with the previous three-month average of 35,000 to 40,000 transactions, signaling renewed investor interest.

Whale participation has reached unprecedented levels, with more than 2,700 wallets now holding at least 1 million XRP. Such concentrated accumulation among large holders—a first in XRP's 12-year history—often precedes price stabilization and upward momentum.

The token currently faces a critical resistance test at $2.35. Breaking this barrier could pave the way for substantial gains, though trading volumes suggest the market remains cautiously optimistic.