Cryptocurrency secrets: juin 2025

Purpose Investments has received regulatory approval to launch a spot XRP exchange-traded fund (ETF) in Canada, with trading scheduled to begin on June 18 on the Toronto Stock Exchange (TSX). The fund, listed under the ticker XRPP, will provide direct exposure to XRP through a regulated investment vehicle.

The Ontario Securities Commission (OSC) granted the final prospectus receipt for the fund, Purpose announced Monday. The ETF will offer units in CAD-hedged, CAD non-hedged, and USD formats, and will be eligible for registered investment accounts such as TFSAs and RRSPs.

XRP Price Rises Following Approval

The launch follows Purpose’s earlier introduction of the world’s first spot bitcoin ETF in Canada in 2021. XRP’s price rose nearly 7% in the 24 hours following the announcement, outperforming Bitcoin. The move reflects investor optimism around regulated access to the token, which remains one of the most traded digital assets by volume globally.

The ETF provides investors with a way to gain exposure to XRP, the native token of the XRP Ledger, without needing to directly hold the asset or manage private keys.

“The OSC’s granting of a receipt for the Purpose XRP ETF prospectus reinforces Canada’s global leadership in building a regulated digital asset ecosystem,” said Vlad Tasevski, Chief Innovation Officer at Purpose Investments.

“We’re proud to continue pushing the boundaries of what’s possible in the space by offering investors simple, secure access to the infrastructure powering real-world blockchain adoption.”

Canada remains ahead of other major jurisdictions, including the United States, in approving spot cryptocurrency ETFs. While U.S. regulators have yet to approve a spot XRP product, Canada continues to expand its regulated offerings in the digital asset space.

ETF Offers Access to Cross-Border Payment Token

XRP is designed to support low-cost, fast cross-border payments through its decentralized ledger system. With the Purpose ETF, Canadian investors will have simplified access to XRP through traditional investment channels, further integrating digital assets into mainstream portfolios.

The fund will begin trading on the TSX this Wednesday, marking a new milestone in the growth of crypto-linked investment products in regulated markets.

This article was written by Jared Kirui at www.financemagnates.com.

* This article was originally published here

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UK to Consider Lifting Ban on Retail Access to Crypto Exchange-Traded Notes

The UK’s financial watchdog is reconsidering its approach to crypto investments by proposing to lift the ban on retail access to crypto exchange-traded notes (cETNs).

This shift signals a growing openness to integrating these products into mainstream markets, potentially increasing competition and choice for UK investors. The change would allow individual consumers to buy crypto ETNs on FCA-approved exchanges, a move that other countries have already adopted.

A New Chapter for Crypto ETNs in the UK

Currently, crypto ETNs remain restricted to professional investors in the UK. The FCA’s proposal would allow retail investors to trade these products through recognised investment exchanges under strict regulatory safeguards.

Consumers would receive clear information about the risks involved, aligning promotional rules with those applied to direct crypto asset purchases.“This consultation demonstrates our commitment to supporting the growth and competitiveness of the UK’s crypto industry,” the regulator noted.

“We want to rebalance our approach to risk, and lifting the ban would allow people to make the choice on whether such a high-risk investment is right for them, given they could lose all their money,” the regulator added.

While the FCA is easing restrictions on crypto ETNs, it remains cautious. The ban on retail access to crypto asset derivatives will stay in effect for now. The regulator continues to monitor developments closely and maintains a firm stance on high-risk investments to protect consumers.

This proposal is part of the FCA’s broader effort to build a comprehensive regulatory framework for crypto assets. It follows recent consultations on stablecoins and other regulatory measures aimed at providing clarity and fostering responsible growth within the crypto sector.

Supporting Growth Beyond Crypto

The FCA also outlined additional proposals in its latest quarterly consultation paper to reduce regulatory burdens across the financial sector.

These include simplifying reporting requirements for funds’ assessments of value, which is expected to save costs for nearly 150 firms managing thousands of funds, and cutting unnecessary data reporting that affects most firms. These steps highlight the FCA’s dual focus: encouraging innovation and market development while maintaining investor protections.

This article was written by Jared Kirui at www.financemagnates.com.

* This article was originally published here