#XRP ETF Approved#

🇨🇦 Canada: XRP Spot ETF Approved! ✅
• Purpose Investments has received final approval for the XRP spot ETF from the Ontario Securities Commission of Canada.
• The XRPP code will begin trading on the Toronto Stock Exchange on June 18, 2025.
• Fund; will be offered in 3 different versions, including Canadian dollar protected, unprotected, and in USD.
This was the first XRP spot ETF in North America.
• After the news, an increase of about 7% was observed in the XRP price.

🇺🇸 USA: Approval Process is Ongoing ⏳
• Franklin Templeton's spot XRP ETF application is expected to be decided by the SEC on June 17, 2025.
• The probability of approval is estimated at around 88% in the markets.
• ProShares requested the SEC to make a decision on the XRP ( and Solana) ETF by June 25, 2025.
• WisdomTree filed for an XRP ETF on May 28. The SEC's decision period will last 240 days.

📊 What Does This Development Mean for XRP?
• The approval in Canada offers more transparency and institutional trust for investors.
• If approval also comes from the USA, the adoption of XRP by institutional investors may accelerate.
• The number of XRP addresses on the chain has reached an average of 295,000 daily, previously the average was around 35–40 thousand.
• The accumulation of large investors (whale) continues.

🔔 Follow Closely:
• June 17: Franklin Templeton ETF decision in the US
• June 25: SEC decision for ProShares
• Q4 2025: WisdomTree's approval process may be completed.