Someone Put XRP on the TSX—And Wait Until You See What Happens Next!

by

Alright, here we go… Canada, of all places, just did what the U.S. couldn’t seem to do—approve an XRP spot ETF. Yep. XRP. For real. Purpose Investments Inc. got the green light, bell’s ringing, and now you can throw your loonies (and maybe even some toonies) into crypto, all official-like, starting June 18, 2025. Because nothing screams “safe investment” quite like a brand new crypto ETF. 🙄

This thing—XRPP, because why not add another acronym to your portfolio—it’s Canada’s first spot XRP ETF. Direct exposure to XRP, nice and simple. Like sticking your hand right in the blockchain cookie jar. Only regulated.

And because every company needs a guy with a fancy title, Vlad Tasevski (he’s the Chief Innovation Officer—basically, “Head of Saying Yes to Crypto Stuff”) says this is a “breakthrough.” No, really, breakthrough. Canada’s leading the way by being less terrified of digital assets than everyone else. Mazel tov, Vlad. 🍾

So what do you get here? Buffet-style ETF options for every flavor of investor:

  • XRPP: If you just love Canadian dollars and hedging. Because who doesn’t want to hedge?
  • XRPP.B: Canadian dollars, full risk, no airbags, live a little.
  • XRPP.U: Good ol’ US dollars—hey, maybe you’re feeling international, I don’t know! 🇺🇸

Don’t worry, you can slot this bad boy right into your TFSA or RRSP. Because nothing says “retirement planning” quite like betting your nest egg on the next crypto rollercoaster. Maybe tell your grandma to buy a couple units for fun.

And the timing? Oh, it’s timely. The Ripple vs. SEC soap opera in the States is still dragging on. Legal clarity might show up, might not. Depends who you ask. Meanwhile, Canada’s just handing out ETFs like they’re Tim Hortons donuts. 🍩

Oh, and XRP is up over 7%, busting through $2.30 like nobody’s business. It’s bullish! Or it’s just Tuesday. Who can honestly tell anymore? 🚀

Read More

2025-06-16 21:52