crypto

Sage D. Young6/16/25

Purpose Investment’s spot XRP ETF to begin trading in Canada on June 18

XRP bounced on news that asset management company Purpose Investment’s spot XRP ETF will begin trading on the Toronto Stock Exchange on Wednesday, according to a press release, which said the Ontario Securities Commission granted a “final prospectus receipt for the Purpose XRP ETF, marking a significant milestone in the evolution of digital asset investing in Canada.”

The price of XRP, the fourth-largest cryptocurrency by market capitalization, has gained 7.3% in the last 24 hours, outpacing bitcoin, ethereum, Solana, and dogecoin, data from CoinGecko shows.

The Purpose XRP ETF enables investors to gain exposure to the token without directly owning XRP and is the first spot XRP ETF available in North America, though there is a leveraged XRP ETF from Teucrium Investment Advisors that launched in April.

A number of US firms including Bitwise, 21Shares, and Grayscale are gearing up to roll out their own spot XRP ETFs. Elsewhere, asset manager Hashdex launched a spot XRP ETF in Brazil in April.

The announcement comes after Trident Digital Tech Holdings, Webus, and VivoPower International have each adopted an XRP crypto treasury strategy.

More Crypto

Yaël Bizouati-Kennedy

Solana rises as Solmate announces “aggressive” acquisition plans and spot ETF filings grow

Solana ETFs take the lion’s share of the ETF filings, with 23 waiting to be approved, per Bloomberg analyst Eric Balchunas.

Sunshine and Waves

Ethereum treasury firms surpass bitcoin treasury companies by percentage of total supply

Asia’s institutional conviction for the second-largest cryptocurrency deepens as Tokyo-listed Quantum Solutions scoops up about 2,000 ethereum tokens through its subsidiary.

Spaceship

Yaël Bizouati-Kennedy

Standard Chartered: Bitcoin’s dip below $100,000 is “inevitable”

Participants in prediction markets are also betting that bitcoin will dip below $100,000 this year.

Bitcoin ice carving

crypto

Sage D. Young10/21/25

XRP treasury firm trend grows as Evernorth, backed by Ripple Labs, enters the arena

The fifth-largest cryptocurrency by market cap, XRP, is getting a new treasury firm: Evernorth.

The firm will list on the Nasdaq and expects to raise over $1 billion in gross proceeds from SBI, Ripple Labs, Pantera Capital, Kraken, and GSR, according to a press release. Chris Larsen, cofounder and executive chairman of Ripple, also announced investing 50 million XRP tokens worth $124.5 million. Net proceeds are dedicated for open-market acquisitions of XRP.

Evernorth joins a number of firms stockpiling XRP, such as VivoPower International, Trident Digital Tech Holdings, and Webus.

The announcement comes during a fragile period for crypto markets, but the latest news has boosted XRP’s price and the asset is back to flat over the last seven days.

BitMine acquires an additional $820 million of ethereum

Meanwhile, investment management firm VanEck filed for a staked ethereum ETF with decentralized finance giant Lido.

Man Using Vending Machine

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