Purpose Investments is set to launch Canada’s first XRP ETF after receiving the green light from the OSC. This product will start trading on June 18, 2025, allowing Canadian investors to benefit from tax advantages by holding it in registered accounts.
The OSC’s approval comes amidst a landscape of increased criticism towards Bitcoin from Canada’s new Prime Minister. This milestone reinforces Canada’s position as a pioneer in the cryptocurrency market, following its introduction of the first crypto ETF in North America in 2021.
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