First Spot XRP ETF Launches In Canada

In a landmark development for cryptocurrency adoption, Canada has officially launched its first-ever spot XRP exchange-traded fund (ETF). The news was shared by Brett on X and has been confirmed by trusted industry sources. This development positions Canada at the forefront of regulated XRP investment in North America. Canada Leads with Purpose and 3iQ Spot XRP ETFs The Ontario Securities Commission (OSC) granted regulatory approval to two major asset managers, Purpose Investments and 3iQ, on June 18, 2025, for the launch of spot XRP ETFs. Purpose Investments introduced the Purpose XRP ETF, trading on the Toronto Stock Exchange under the tickers XRPP (CAD-hedged), XRPP.B (CAD unhedged), and XRPP.U (USD-denominated). All versions are eligible for Canadian tax-advantaged accounts like RRSPs and TFSAs. According to Vlad Tasevski, Chief Innovation Officer at Purpose, XRP has consistently been one of the most requested digital assets among investors. He emphasized that the ETF allows for secure, transparent access to XRP without the complexity of holding the digital asset directly. JUST IN: First spot $XRP ETF launches in Canada. pic.twitter.com/TI5LzmTCaD — Brett (@Brett_Crypto_X) June 18, 2025 Meanwhile, 3iQ unveiled its product, the 3iQ XRP ETF (XRPQ), with a zero-fee offer for the first six months. Ripple, the company behind XRP, is reported to have made a strategic early investment in the fund, underlining growing institutional support. How This Compares Globally While this is Canada’s first spot XRP ETF, it is not the first globally. In April 2025, Brazil became the first country in the world to approve a spot XRP ETF, XRPH11 , through a collaboration between Hashdex and Genial Investimentos. That fund quickly gained traction on Brazil’s B3 stock exchange, reflecting a strong appetite for regulated XRP products in Latin America. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Europe has also paved the way for XRP-related financial instruments. The WisdomTree Physical XRP ETP has been trading on multiple European exchanges, including Xetra, SIX Swiss Exchange, and Euronext. Backed by fully collateralized XRP held in cold storage, it has provided institutional investors with secure, regulated exposure for several years. U.S. Market Still on Hold Despite growing interest, the United States has yet to approve a spot XRP ETF . Several asset managers, including Grayscale , Bitwise , CoinShares , and Canary Capital, have submitted filings, but the SEC has not granted approval. Current U.S. offerings remain limited to futures-based or leveraged exposure, lacking the direct asset backing seen in spot ETFs. Canada’s launch of two spot XRP ETFs marks a significant milestone in the mainstream adoption of crypto assets. With Brett’s post confirming this pivotal development, Canada joins Brazil and Europe in offering transparent, regulated avenues for XRP investment, setting a new standard for jurisdictions around the world. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post First Spot XRP ETF Launches In Canada appeared first on Times Tabloid .

Source: TimesTabloid