XRP ETF Launch by Purpose Investments Sparks Market Rally

Purpose Investments has achieved a groundbreaking milestone with regulatory approval for Canada's first spot XRP ETF, set to debut on the Toronto Stock Exchange on June 18. The XRPP ETF will offer investors multiple unit options, including CAD-hedged, CAD non-hedged, and USD-denominated units, significantly enhancing digital asset accessibility in North America. Following the announcement, XRP prices experienced a notable surge of nearly 7%, underscoring heightened investor interest and confidence in the cryptocurrency's future. This development marks a pivotal moment for XRP, as it continues to gain traction in traditional financial markets. The launch of the XRPP ETF is expected to further solidify XRP's position as a leading digital asset, attracting both institutional and retail investors. With the current date being June 22, 2025, the market is keenly watching the performance of this new ETF and its potential impact on XRP's valuation. This MOVE by Purpose Investments reflects the growing acceptance and integration of cryptocurrencies into mainstream financial products, paving the way for future innovations in the sector.

Purpose Investments Set to Launch Spot XRP ETF on Toronto Stock Exchange June 18

Purpose Investments has secured regulatory approval to launch Canada's first spot XRP exchange-traded fund (ETF), marking a significant milestone for digital asset accessibility in North America. The XRPP ETF will begin trading on the Toronto Stock Exchange on June 18, offering CAD-hedged, CAD non-hedged, and USD-denominated units.

XRP prices surged nearly 7% following the announcement, reflecting heightened market interest. The ETF structure enables Canadian investors to gain direct exposure to XRP through registered accounts like TFSAs and RRSPs—a familiar vehicle for traditional investment portfolios.

This development signals growing institutional recognition of digital assets, with Purpose Investments capitalizing on rising demand from both retail and professional investors. The Ontario Securities Commission's approval underscores Canada's progressive stance on cryptocurrency investment products.

Coinbase, Circle, Robinhood Lead Crypto Stock Rally Amid Tech Upswing

Crypto-related stocks are surging as digital asset markets catch a bid alongside broader tech gains. Coinbase Global Inc. advanced on European licensing progress, while Circle Internet Financial Ltd. skyrocketed 404% post-IPO on the back of USDC stablecoin adoption. Robinhood Markets Inc. approaches record highs with a 102% year-to-date gain.

Circle's CRCL shares became the breakout star, closing NEAR $158 after an April IPO at $22. The firm's Cross-Chain Transfer Protocol processed $7.7 billion in May volume - an 83% monthly increase - while rejecting a rumored $5 billion acquisition offer. Native USDC integration on XRP Ledger eliminated bridge fees, further fueling momentum.

The rally coincides with a 0.8% rise in Nasdaq futures, creating risk-on flows into crypto equities. Market participants are rewarding companies demonstrating real-world blockchain utility and regulatory progress, with stablecoin infrastructure proving particularly valuable.

Ripple and SEC Push to Pause Appeal as Settlement Talks Continue

Ripple Labs and the U.S. Securities and Exchange Commission have jointly requested the Second Circuit Court to suspend their appeal proceedings. The move, outlined in a June 16, 2025 filing, grants the district court additional time to rule on pending motions while settlement discussions progress.

The SEC committed to providing a fresh status update by August 15. This procedural pause marks a critical juncture in the long-running legal battle, with potential implications for regulatory clarity surrounding digital assets. Market participants anticipate the outcome could establish precedent for how blockchain enterprises navigate securities regulations moving forward.

Will XRP Spot ETFs Be Delayed as Ripple Lawsuit Decision Moves to August?

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) continues to drag on, with both parties filing a new report requesting the Second Circuit Court to keep their appeal on hold. The next critical update is expected by August 15, 2025, as Ripple seeks to reduce its $125 million penalty to $50 million and lift a court-imposed ban.

Meanwhile, XRP investors are left in limbo, particularly those awaiting news on XRP spot ETFs in the U.S. Franklin Templeton’s XRP Fund faces a key deadline on June 17, 2025, but the ongoing lawsuit likely means further delays from the SEC. ETF expert Nate Geraci has hinted at potential setbacks, casting uncertainty over the timeline for XRP ETF approvals.