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XRP Price Rises 8%, Spot ETF to List in Canada on June 18, a North American First

2025/06/17 09:11
CoinPost
Written by L.Kikutani
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XRP Price Rises 8%, Spot ETF to List in Canada on June 18, a North American First

Following Brazil's Lead

Purpose Investments, a Canadian asset management firm, has obtained approval for the listing of its XRP spot Exchange-Traded Fund (ETF). The company announced on Monday that it had received approval for the 'final prospectus,' marking the last stage necessary to commence fund trading. Following this news, XRP's price surged by 8%.

The fund, traded under the ticker symbol 'XRPP', is scheduled to start trading on the Toronto Stock Exchange on June 18. According to the press release, this will be the first XRP spot fund approved in North America.

Purpose Investments had previously secured approval for the XRP spot ETF in Canada on January 31...

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Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.