Purpose XRP ETF Receives OSC Approval, Launching on Toronto Stock Exchange June 18

Purpose Investments has secured final regulatory clearance from the Ontario Securities Commission (OSC), enabling the launch of the Purpose XRP Exchange-Traded Fund (ETF) on the Toronto Stock Exchange starting June 18. This approval marks a significant milestone in the integration of digital assets within traditional financial markets in Canada. The ETF offers investors a regulated vehicle to gain exposure to XRP, aligning with growing institutional interest in cryptocurrency investment products. As regulatory frameworks evolve, Purpose Investments’ move underscores the increasing acceptance of crypto assets in mainstream portfolios, providing enhanced liquidity and transparency for market participants. This development is expected to bolster investor confidence and contribute to the maturation of the digital asset ecosystem in North America.