XRP ETF Set to Launch on Toronto Stock Exchange: A New Era for Crypto Investors

Purpose Investments Inc. has achieved a significant milestone with regulatory approval for its Purpose XRP ETF, scheduled to debut on the Toronto Stock Exchange (TSX) on June 18. This ETF, trading under the ticker XRPP, will provide investors with direct exposure to Ripple's native token, XRP. The offering includes three share classes: CAD-hedged (XRPP), unhedged CAD (XRPP.B), and USD-denominated (XRPP.U), catering to a diverse range of investors. Notably, the product is eligible for tax-advantaged accounts such as TFSA, enhancing its appeal. This development marks a pivotal moment for XRP adoption in traditional finance, potentially driving increased liquidity and institutional interest. As of June 2025, the launch underscores the growing acceptance of digital assets within regulated financial markets, offering a bullish signal for XRP's future trajectory.

Purpose XRP ETF to Debut on Toronto Stock Exchange June 18

Purpose Investments Inc. has secured regulatory approval for its Purpose XRP ETF, with trading set to commence on the Toronto Stock Exchange (TSX) on June 18. The ETF will list under ticker XRPP, offering investors direct exposure to Ripple's native token.

Three share classes will be available: CAD-hedged (XRPP), unhedged CAD (XRPP.B), and USD-denominated (XRPP.U). The product qualifies for tax-advantaged accounts including TFSAs and RRSPs, broadening access for Canadian investors.

The launch marks a significant milestone for XRP adoption, coming amid ongoing legal scrutiny of Ripple's case with the SEC. Institutional-grade investment vehicles continue gaining traction as crypto matures into mainstream finance.

XRP Price Surges 7% Amid Legal Developments and ETF Speculation

XRP rallied 7% to $2.32 as crypto markets rebounded from Middle East tensions, with trading volume doubling during the ascent. The token has now recovered last week's losses and stabilized above the critical $2.30 level.

Today's court deadline in the Ripple-SEC case looms large. Failure to submit corrected motions could prolong litigation, while a settlement or proper filing might cement XRP's non-security status for retail transactions—potentially paving the way for ETF approvals by mid-2025.

Purpose Investments appears closer to launching an XRP ETF after reportedly securing its final prospectus receipt. Former CFTC Chair Christopher Giancarlo's recent comments have further bolstered market Optimism about regulatory clarity.

Ripple Co-Founder Arthur Britto Clarifies XRP's Foundational Role as Infrastructure, Not Spotlight Asset

Arthur Britto's 2013 email reveals XRP was engineered as an operational backbone for Ripple's payment network, not a speculative vehicle. The co-founder envisioned XRP operating invisibly—optimizing transaction efficiency only when mathematically superior to alternative routes.

Ripple's architecture intentionally minimizes direct user exposure to XRP. The XRP Ledger functions as a multi-currency highway where market makers determine asset utilization, with spreads prioritized over token valuation. This design philosophy culminates in 2024's RLUSD launch, enabling transactions without mandatory XRP interaction.

Market infrastructure trumps token promotion in Ripple's blueprint. Cross-border payments occur on rails where XRP activates solely as a bridge asset when algorithmically justified—a deliberate departure from asset-centric blockchain models.

Ripple’s XRP Burn Rumors Debunked: No Imminent 10% Supply Reduction

Social media speculation about Ripple planning to burn 10% of XRP’s total supply within 48 hours has been categorically refuted by on-chain data. Claims of a "global burn" triggering a price surge to $3.27—echoing unverified 2017 chatter—misrepresent XRP’s built-in tokenomics.

The XRP Ledger’s automatic burn mechanism has destroyed just 13.9 million XRP through transaction fees since inception, per XRPscan. Eliminating 10 billion tokens (10% of supply) WOULD require 700x the historical burn volume—a process that would take centuries at current rates.

Unlike voluntary burn mechanisms in other protocols, XRP’s deflationary model operates passively through micro-fees. The ledger’s 100 billion fixed supply remains structurally intact, with no evidence of planned large-scale adjustments.