However, both sides reached a preliminary agreement in April 2025 and asked the court to suspend the appeal temporarily.
Although the court has yet to grant the extension, the SEC has pledged to submit a progress update by August.
The XRP-focused product will trade on the Toronto Stock Exchange and provide investors with regulated access to the digital asset.
According to the statement:
“The ETF will be available in CAD-hedged (ticker XRPP), CAD non-hedged (ticker XRPP.B), and US dollar (ticker XRPP.U) units, and will be eligible for holding in registered accounts such as TFSAs and RRSPs.”
This milestone comes as several US-based firms like Grayscale await the SEC’s decisions on their XRP ETF proposals.
These developments did not immediately impact the XRP price, up by a modest 1.4% to $2.22 as of press time, according to CryptoSlate’s data.
