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  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
  • staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 5.1 Gwei
 

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XRP ETF Canada

XRP ETF Canada: Purpose Investments Leads the Way With Regulatory First

https://icn.live/wp-content/uploads/2025/06/zrp-etf-can.mp3
  • by ICN.live
Tariq Al-Mansouri

XRP ETF Canada is making headlines as Purpose Investments launches the country’s first XRP-based exchange-traded fund.

The Ontario Securities Commission (OSC) has officially approved the product, setting a regulatory precedent amid global uncertainty. The XRP ETF begins trading on June 18, offering Canadian investors direct exposure to the digital asset XRP.

This milestone is significant for both Canada and the broader crypto investment landscape. While the U.S. continues to stall on similar products, Canada moves forward confidently. This decision highlights the country’s leadership in digital asset regulation, even as a new, crypto-critical Prime Minister assumes office.

One notable feature of the XRP ETF Canada launch is its eligibility for registered accounts. Under Canadian law, this means investors can benefit from substantial tax advantages. Gains earned within registered accounts are either tax-deferred or completely tax-free, depending on the type of account used. This makes XRP exposure more attractive and financially viable for long-term investors.

Canada Offers Tax-Smart Investing

Purpose Investments, the Toronto-based asset manager behind the product, has a strong track record in crypto innovation. The firm also launched North America’s first crypto ETF four years ago. Now, it’s again breaking new ground with the XRP ETF Canada initiative.

Vlad Tasevski, Chief Innovation Officer at Purpose, celebrated the approval as a global regulatory win. He emphasized Canada’s forward-thinking approach to building a secure, regulated digital asset ecosystem. This move comes at a time when BlackRock, the world’s largest asset manager, has yet to file for an XRP ETF in the United States.

The XRP ETF could serve as a benchmark for similar approvals in other markets. Optimism remains high that the U.S. Securities and Exchange Commission (SEC) might follow Canada’s lead. While setbacks have slowed down American crypto ETFs, the Canadian model could accelerate their progress.

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Canada Sets the Stage for Global XRP ETF Movement

The XRP ETF Canada approval reinforces the country’s status as a blockchain-friendly hub. Institutional investors are already deeply involved in crypto, and regulatory clarity continues to draw innovation northward. The OSC’s move is especially impressive given the potential headwinds from the nation’s newly elected crypto-skeptical leadership.

Investors and analysts alike view this as a strategic win. If the ETF performs well, it could signal growing confidence in regulated digital assets worldwide. XRP enthusiasts and crypto investors will be watching closely when trading begins on June 18.

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What is the XRP ETF Canada and why is it important?

The XRP ETF Canada, launched by Purpose Investments, is the first exchange-traded fund in Canada offering direct exposure to XRP. It’s significant because it provides investors with a regulated and tax-efficient way to invest in XRP through registered accounts like RRSPs or TFSAs. This move sets Canada apart as a global leader in crypto regulation. The ETF’s approval by the OSC is also a big step forward for mainstream crypto adoption, especially amid skepticism and delays in other countries like the U.S.

What are the benefits of holding XRP ETF Canada in a registered account?

Holding the XRP ETF in a registered account like a TFSA or RRSP offers substantial tax advantages. In a TFSA, gains are completely tax-free. In an RRSP, taxes are deferred until withdrawal. This allows investors to maximize returns and reduce the tax burden on capital gains from crypto exposure. It’s one of the most appealing features of the XRP ETF Canada and could encourage long-term investment in digital assets.

How does Canada’s XRP ETF compare to U.S. regulations?

Canada has taken a much more proactive stance on crypto ETFs compared to the United States. While Canada approved the first Bitcoin ETF years ago and now leads with the XRP ETF, the U.S. has yet to approve a similar product for XRP. This regulatory clarity makes Canada an attractive destination for crypto innovation and investment. It also puts pressure on U.S. regulators like the SEC to speed up their decision-making process.

Can the XRP ETF Canada influence other global crypto ETF approvals?

Yes, absolutely. Canada’s move to approve the XRP ETF could act as a regulatory model for other nations. If the product proves successful and safe for investors, it will likely motivate regulators in countries like the U.S., the U.K., and Australia to consider similar approvals. With Canada demonstrating how to balance innovation and investor protection, the XRP ETF could be a catalyst for wider global adoption of regulated crypto ETFs.

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