A big moment for the crypto world has arrived! Purpose Investments Inc. has officially secured the final go-ahead for its Purpose XRP ETF, clearing the way for the fund to launch this week on the Toronto Stock Exchange (TSX). The ETF will start trading on Wednesday, June 18, 2025, under the ticker symbol XRPP.
This makes it the first spot XRP ETF in Canada, giving investors a simple, regulated way to gain direct exposure to XRP.
Vlad Tasevski, Chief Innovation Officer at Purpose Investments, called the approval a breakthrough for the country’s crypto market. “This signals Canada’s growing leadership in creating a secure, regulated environment for digital assets. We’re proud to lead the way by offering investors safe, reliable access to blockchain-powered technologies,” he said.
The new fund will be available in multiple formats to suit different investor needs:
XRPP: CAD-hedged units
XRPP.B: CAD non-hedged units
XRPP.U: US dollar units
Investors will also be able to hold the Purpose XRP ETF in tax-friendly accounts like TFSAs and RRSPs, making it even easier for Canadians to diversify into crypto through trusted, regulated options.
The timing couldn’t be more interesting — this development arrives as the Ripple vs. SEC case in the U.S. heads toward a critical deadline. With legal clarity potentially on the horizon, XRP’s growing global acceptance is reflected in moves like this.
The XRP market is already showing bullish signs. The price is up by more than 7% and has climbed above the important $2.30 level at the time of writing.
As the financial world faces big shifts, XRP is a name that keeps coming up. With important legal updates and market developments, many are keeping a close eye on where XRP could head next. Price predictions are making the rounds, and some are turning heads.
A user on X (formerly Twitter) says that a $10,000 XRP isn’t impossible, and those dismissing the idea might be overlooking the bigger picture. According to the post, this isn’t just hype. It’s about the numbers, market dynamics, and global financial flows coming together.
Dollar’s Decline and XRP’s Rising Role
Since 1971, the dollar has lost 96% of its value. With national debt crossing $34 trillion and over $1 trillion spent on interest payments every year, the situation is becoming unsustainable. If the Federal Reserve continues printing more money, the dollar’s value could fall even further, leading to shifts in how assets like gold, cryptocurrencies, and real estate are priced.
The Real World Asset (RWA) market could reach $16-30 trillion by 2030, given that big players, such as BlackRock and JPMorgan, are already in. These assets require speed, compliance, and cross-network support, and here’s where XRP enters.
XRP: Built to Scale
The user said that XRP’s infrastructure is already built for institutions. Supporting this statement, the user gave examples and said that RippleNet connects 300+ banks, ODL is active across 6 continents, RLUSD is a regulated stablecoin, and Ripple Custody secures digital assets.
If XRP handles just a slice of global FX, tokenized assets, and debt markets, even at modest transaction speed, it could skyrocket. Its limited supply and high demand could send the price soaring.
Is It Just A Wild Prediction?
For XRP to reach $10,000, its total value would need to be around $530 trillion, which is not realistic. So, unless XRP powers nearly all global finance, that price is highly unlikely anytime soon.
Short Term Price Targets
XRP is currently trading at $2.30, up 2.7% in the past 24 hours. Analyst Steph is Crypto has shared a bullish XRP chart showing a breakout ahead.
As per the chart, XRP is finishing its Wave 4 consolidation and could soon launch into Wave 5 with a major rally. Price targets include $5.36, $11.28, $23.73, and even as high as $37.55 based on Fibonacci levels.
The post $10,000 XRP Prediction: Breaking Down the Math, Market Facts, and Possibilities appeared first on Coinpedia Fintech News
As the financial world faces big shifts, XRP is a name that keeps coming up. With important legal updates and market developments, many are keeping a close eye on where XRP could head next. Price predictions are making the rounds, and some are turning heads. A user on X (formerly Twitter) says that a $10,000 …
Hong Kong’s financial regulators are moving to legalize trading in Bitcoin and crypto derivatives. This step aims to boost the city’s position as a major crypto hub and attract more investors. By creating clear rules and allowing these new financial products, Hong Kong hopes to provide safer, more transparent markets. The move reflects growing global acceptance of cryptocurrencies and could open the door for more innovation in the region’s financial sector.
The post Hong Kong Set to Legalize Bitcoin and Crypto Derivatives Trading appeared first on Coinpedia Fintech News
Hong Kong’s financial regulators are moving to legalize trading in Bitcoin and crypto derivatives. This step aims to boost the city’s position as a major crypto hub and attract more investors. By creating clear rules and allowing these new financial products, Hong Kong hopes to provide safer, more transparent markets. The move reflects growing global …
Crypto trading, often associated with substantial volatility and risks, has created a new class of millionaires and billionaires who have made their fortune through strategic investments. While their success stories dominate headlines, the ways these individuals deploy their digital fortunes reveal a spectrum of ambition, extravagance, and eccentricity.
From extravagant art purchases that defy logic to massive investments in cars and real estate, these individuals are redefining what it means to spend big. Here’s a look at some of the ways crypto millionaires have splashed their digital cash.
Well, specifically, a banana duct-taped to a wall. He acquired the artwork, titled ‘Comedian’ by Italian artist Maurizio Cattelan, at a Sotheby’s auction in New York.
Originally purchased for 35 cents from Shah Alam, a 74-year-old Bangladeshi immigrant working near Sotheby’s, the banana’s value surged through Cattelan’s conceptual art.
Sun, whose net worth is $8.5 billion according to Forbes, didn’t just buy the piece for show. He later ate the banana during a press conference in Hong Kong.
“Many friends have asked me about the taste of the banana. To be honest, for a banana with such a back story, the taste is naturally different from an ordinary one,” Sun wrote on X.
Moreover, in March 2021, he purchased a Beeple non-fungible token (NFT) for $6 million. Later that year, in November 2021, Sun bought the Alberto Giacometti sculpture Le Nez at Sotheby’s for $78 million.
However, this acquisition became embroiled in a heated legal dispute. In February 2025, Sun sued media mogul David Geffen, alleging his former employee stole and sold the sculpture to Geffen for $65.5 million without his consent. Meanwhile, in April 2025, Geffen’s countersuit labeled Sun’s claims a “sham” tied to crypto market woes.
Sun’s spending extends beyond art. In December 2021, he outbid competitors by paying $28 million for a seat on Blue Origin’s first spaceflight, owned by Jeff Bezos. Despite winning the bid, which benefited space-related charities, scheduling conflicts prevented Sun from participating in the launch.
Carl Runefelt (Carl Moon)
Carl Runefelt, widely recognized by his online alias Carl Moon, is a Swedish crypto investor and social media influencer. He rose from being a supermarket cashier to a multi-millionaire crypto influencer in Dubai.
Runefelt publicly documents his millionaire crypto lifestyle, sharing it with his 1.5 million followers on X, around 245,000 followers on Instagram, and 360,000 subscribers on YouTube. His social media presence is dominated by displays of luxury, including hypercars, private jets, and high-end watches, making him a poster boy for the “crypto bro” lifestyle.
Among his notable acquisitions is a Bugatti Veyron, which he reportedly purchased for $2 million.
“I quit my supermarket job as a cashier back In November 2018. Now, 3 years later I’m driving a Bugatti Veyron in Dubai. What’s the next car I should buy?” Runefelt wrote in a 2022 post on Instagram.
In January 2024, Runefelt added a $300,000 G-Wagon to his car collection. In September that year, he splurged $800,000 on a Ferrari. Moreover, in February 2025, he expanded his car investments with four more Ferraris worth $4 million.
Runefelt also owns a custom $1 million Jacob & Co. watch and a $140,000 Patek Philippe Nautilus, among other expensive acquisitions. These purchases reflect his affluent lifestyle, fueled by his cryptocurrency success, and form part of his strategy to inspire followers through visible wealth.
Ed Craven
Ed Craven is an Australian billionaire and co-founder of Stake.com, a cryptocurrency-based online casino, and Kick, a live-streaming platform. He has a net worth of $2.4 billion, mainly from Stake’s success.
The platform, launched in 2017 with Bijan Tehrani, is now one of the world’s largest offshore crypto casinos. Notably, in 2025, Craven appeared on Forbes’ list of the youngest billionaires. He is one of only two self-made billionaires under 30.
Craven has used his cryptocurrency wealth for lavish yet smart purchases. He owns one of Australia’s most expensive homes on St George’s Road, Toorak, which he purchased for $80 million. He also bought a $38.5 million property on Orrong Road and owns multimillion-dollar homes in Southbank and Mount Macedon.
Craven’s spending also extends to sports. He committed $100 million to rename the Alfa Romeo Formula One team as the “Stake F1 Team Kick Sauber.”
While real estate dominates his portfolio, his sports investments highlight a strategic use of wealth to elevate personal and corporate prestige, aligning with his entrepreneurial vision.
